Earnings per Share

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

The computation of basic earnings per share (EPS) is based on the weighted-average number of our common shares outstanding. The computation of diluted EPS is based on the weighted-average number of our common shares outstanding and potential dilutive common shares during the period as determined by using the treasury stock method.

Basic and diluted EPS for the three months ended March 31, 2023 and 2022 were calculated as follows (in millions, except per share data):

	Three Months Ended March 31,
	2023		2022
Numerator:
Net income	$	79	$	3,657
Denominator:
Basic weighted-average common shares outstanding	386		402
Effect of dilutive securities	19		24
Diluted weighted-average common shares outstanding	405		426
Basic EPS	$	0.20	$	9.09
Diluted EPS	$	0.19	$	8.58
Anti-dilutive potential common shares excluded from the EPS computation above	5		2