Note 7 - Earnings Per Share

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

7. Earnings Per Share

The following table provides a reconciliation between basic and diluted earnings per share:

Millions, Except Per Share Amounts, for the Three Months Ended March 31,	2024		2023
Net income	$	1,641	$	1,630
Weighted-average number of shares outstanding:
Basic		609.2		610.6
Dilutive effect of stock options		0.5		0.4
Dilutive effect of retention shares and units		0.5		0.5
Diluted		610.2		611.5
Earnings per share - basic	$	2.69	$	2.67
Earnings per share - diluted	$	2.69	$	2.67
Stock options excluded as their inclusion would be anti-dilutive		0.5		0.8