Weighted average shares outstanding:


Notes to Financial Statements

NOTE 2 — EARNINGS PER SHARE

Basic earnings per share (“EPS”) is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted EPS is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options and stock awards.

The components of basic and diluted EPS are as follows:

 

(In millions, except earnings per share)             


Three Months Ended September 30,    2013     2012  

Net income available for common shareholders (A)

   $   5,244      $   4,466   

Weighted average outstanding shares of common stock (B)

     8,339        8,396   

Dilutive effect of stock-based awards

     95        98   


 


Common stock and common stock equivalents (C)

     8,434        8,494   
    


 


Earnings Per Share

                

Basic (A/B)

   $ 0.63      $ 0.53   

Diluted (A/C)

   $ 0.62      $ 0.53   


Anti-dilutive stock-based awards excluded from the calculations of diluted EPS were immaterial during the periods presented.