EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2022

The earnings per share amounts are the same for class A and class B common shares as the holders of each class are legally entitled to equal per share distributions whether through dividends or in liquidation.

The following table sets forth the computation of basic and diluted earnings per share (in millions, except per share amounts):


	2022		2021		2020
Numerator:
Net income attributable to common shareowners	$	11,548	$	12,890	$	1,343
Denominator:
Weighted-average shares	868		869		862
Deferred compensation obligations	—		—		—
Vested portion of restricted shares	3		5		5
Denominator for basic earnings per share	871		874		867
Effect of Dilutive Securities:
Restricted performance units	3		3		4
Stock options	1		1		—
Denominator for diluted earnings per share	875		878		871
Basic Earnings Per Share	$	13.26	$	14.75	$	1.55
Diluted Earnings Per Share	$	13.20	$	14.68	$	1.54

Diluted earnings per share for the years ended December 31, 2022, 2021 and 2020 exclude the effect of 0.1, 0.1 and 0.6 million shares, respectively, of common stock that may be issued upon the exercise of employee stock options because such effect would be antidilutive.