Per Share Data

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Per Share Data

Per Share Data

Basic net income per share attributable to the Company is calculated by dividing the after-tax income attributable to the Company by the weighted average number of outstanding shares of the Company’s common stock.

Diluted net income per share attributable to the Company is calculated by dividing the after-tax income attributable to the Company by the weighted average number of outstanding shares of the Company’s common stock, which have been adjusted for the dilutive effect of potentially issuable common shares.

Basic and Diluted EPS Calculation	Three Months Ended  September 30,				Nine Months Ended  September 30,
(In millions, except per share data)	2024		2023		2024		2023
Net income before non-controlling interests	$	752	$	738	$	3,316	$	3,037
Less: Net income attributable to non-controlling interests	5		8		44		37
Net income attributable to the Company	$	747	$	730	$	3,272	$	3,000
Basic weighted average common shares outstanding	492		494		492		494
Dilutive effect of potentially issuable common shares	4		5		4		5
Diluted weighted average common shares outstanding	496		499		496		499
Average stock price used to calculate common stock equivalents	$	222.13	$	191.66	$	209.06	$	178.64