Adjustment for MCPS dividends for dilutive MCPS

[Table of Contents](#ia72a687f7b8a4bb1b43219ab5b663314_7)Information related to the calculation of net earnings per common share from continuing operations for the years ended December 31 is summarized as follows ($ and shares in millions, except per share amounts):

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2021 |  | 2020 |  | 2019 |
| Numerator: |  |  |  |  |  |
| Net earnings from continuing operations | $ | 6,347  |  |  | $ | 3,646  |  |  | $ | 2,432  |  |
| MCPS dividends | (164) |  |  | (136) |  |  | (68) |  |
| Net earnings from continuing operations attributable to common stockholders for Basic EPS | 6,183  |  |  | 3,510  |  |  | 2,364  |  |
| Adjustment for interest on convertible debentures | —  |  |  | 1  |  |  | 2  |  |
| Adjustment for MCPS dividends for dilutive MCPS | 78  |  |  | —  |  |  | —  |  |
| Net earnings from continuing operations attributable to common stockholders after assumed conversions for Diluted EPS | $ | 6,261  |  |  | $ | 3,511  |  |  | $ | 2,366  |  |
|  |  |  |  |  |  |
| Denominator: |  |  |  |  |  |
| Weighted average common shares outstanding used in Basic EPS | 714.6  |  |  | 706.2  |  |  | 715.0  |  |
| Incremental common shares from: |  |  |  |  |  |
| Assumed exercise of dilutive options and vesting of dilutive RSUs and PSUs | 11.2  |  |  | 11.4  |  |  | 8.9  |  |
| Assumed conversion of the convertible debentures | —  |  |  | 1.1  |  |  | 1.6  |  |
| Weighted average MCPS converted shares | 11.0  |  |  | —  |  |  | —  |  |
| Weighted average common shares outstanding used in Diluted EPS | 736.8  |  |  | 718.7  |  |  | 725.5  |  |
|  |  |  |  |  |  |
| Basic EPS from continuing operations | $ | 8.65  |  |  | $ | 4.97  |  |  | $ | 3.31  |  |
| Diluted EPS from continuing operations | $ | 8.50  |  |  | $ | 4.89  |  |  | $ | 3.26  |  |

  
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