EARNINGS PER SHARE INFORMATION

3 Months Ended

Mar. 31, 2023

NOTE 18. EARNINGS PER SHARE INFORMATION


Three months ended March 31	2023				2022
(Earnings for per-share calculation, shares in millions, per-share amounts in dollars)	Diluted		Basic		Diluted		Basic
Earnings (loss) from continuing operations	$	6,242	$	6,248	$	(1,224)	$	(1,224)
Preferred stock dividends and other(a)	(145)		(145)		(52)		(52)

Earnings (loss) from continuing operations attributable to common shareholders	6,097		6,103		(1,276)		(1,276)
Earnings (loss) from discontinued operations	1,257		1,257		88		88
Net earnings (loss) attributable to GE common shareholders	7,354		7,360		(1,188)		(1,188)

Shares of GE common stock outstanding	1,089		1,089		1,100		1,100
Employee compensation-related shares (including stock options)	8		—		—		—
Total average equivalent shares	1,097		1,089		1,100		1,100

Earnings (loss) per share from continuing operations	$	5.56	$	5.60	$	(1.16)	$	(1.16)
Earnings (loss) per share from discontinued operations	1.15		1.15		0.08		0.08
Net earnings (loss) per share	6.71		6.76		(1.08)		(1.08)

Potentially dilutive securities(b)	38				43

(a) For the three months ended March 31, 2023, included $(30) million related to excise tax on preferred share redemption.

(b) Outstanding stock awards not included in the computation of diluted earnings (loss) per share because their effect was antidilutive.

Our unvested restricted stock unit awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities and, therefore, are included in the computation of earnings per share pursuant to the two-class method. For the three months ended March 31, 2023, application of this treatment had an insignificant effect. For the three months ended March 31, 2022, as a result of the loss from continuing operations, losses were not allocated to the participating securities.