Earnings per share

3 Months Ended

Mar. 31, 2023

The computation of basic 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 dilutive potential common shares, which primarily include shares that may be issued under our stock option, restricted stock and performance unit award programs (collectively, dilutive securities), as determined by using the treasury stock method.

The computations for basic and diluted EPS were as follows (in millions, except per-share data):


	Three months ended March 31,
	2023		2022
Income (Numerator):
Net income for basic and diluted EPS	$	2,841	$	1,476

Shares (Denominator):
Weighted-average shares for basic EPS	534		548
Effect of dilutive securities	4		3
Weighted-average shares for diluted EPS	538		551

Basic EPS	$	5.32	$	2.69
Diluted EPS	$	5.28	$	2.68

For the three months ended March 31, 2023 and 2022, the number of antidilutive employee stock-based awards excluded from the computation of diluted EPS was not significant.