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Earnings Per Share
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Earnings Per Share

Note 20 — Earnings Per Share

Basic and diluted earnings per share from continuing operations attributable to WTW and discontinued operations, net of tax are calculated by dividing net income from continuing operations attributable to WTW and discontinued operations, net of tax, respectively, by the average number of ordinary shares outstanding during each period. The computation of diluted earnings per share reflects the potential dilution that could occur if dilutive securities and other contracts to issue shares were exercised or converted into shares or resulted in the issuance of shares that then shared in the net income of the Company. See Note 19 — Share-based Compensation for a summary of our outstanding options and RSUs.

Basic and diluted earnings per share are as follows:

 

 

Years ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Income from continuing operations

 

$

1,064

 

 

$

1,064

 

 

$

2,156

 

   Less: income attributable to non-controlling interests

 

 

(9

)

 

 

(15

)

 

 

(14

)

Income from continuing operations attributable to WTW

 

$

1,055

 

 

$

1,049

 

 

$

2,142

 

 

 

 

 

 

 

 

 

 

 

(Loss)/income from discontinued operations, net of tax

 

$

—

 

 

$

(40

)

 

$

2,080

 

 

 

 

 

 

 

 

 

 

Basic weighted-average number of shares outstanding

 

 

105

 

 

 

112

 

 

 

128

 

Dilutive effect of potentially issuable shares

 

 

1

 

 

 

—

 

 

 

1

 

Diluted weighted-average number of shares outstanding

 

 

106

 

 

 

112

 

 

 

129

 

 

 

 

 

 

 

 

 

 

Basic earnings per share from continuing operations attributable to WTW

 

$

10.01

 

 

$

9.36

 

 

$

16.68

 

Dilutive effect of potentially issuable shares

 

 

(0.06

)

 

 

(0.02

)

 

 

(0.05

)

Diluted earnings per share from continuing operations attributable to WTW

 

$

9.95

 

 

$

9.34

 

 

$

16.63

 

 

 

 

 

 

 

 

 

 

 

Basic (loss)/earnings per share from discontinued operations, net of tax

 

$

—

 

 

$

(0.36

)

 

$

16.20

 

Dilutive effect of potentially issuable shares

 

 

—

 

 

 

—

 

 

 

(0.05

)

Diluted (loss)/earnings per share from discontinued operations, net of tax

 

$

—

 

 

$

(0.36

)

 

$

16.15

 

There were no anti-dilutive options for the years ended December 31, 2023, 2022 and 2021. For the year ended December 31, 2023, anti-dilutive RSUs were immaterial; for the years ended December 31, 2022 and 2021, 0.2 million and 0.3 million RSUs, respectively, were not included in the computation of the dilutive effect of potentially issuable shares because their effect was anti-dilutive.