Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2023

The following table presents the computation of earnings per share for the three months ended March 31, 2023 and 2022:


	For the three months ended March 31,
(in millions, except share/per share amounts)	2023		2022
Net income (loss)	$	1,939	$	(2,675)

Number of common shares:
Weighted average outstanding	1,100,278,261		1,114,610,964
Issued upon assumed exercise of outstanding stock options	—		—
Effect of issuance of non-vested restricted common stock	790,131		—
Effect of issuance of non-vested restricted units	1,328,244		—
Effect of issuance of non-vested performance units	—		—
Weighted average and potential dilutive outstanding	1,102,396,636		1,114,610,964

Earnings (loss) per common share
Basic	$	1.76	$	(2.40)
Diluted	$	1.76	$	(2.40)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table presents the common stock shares equivalent excluded from the calculation of diluted earnings per share for the three months ended March 31, 2023 and 2022, as they would have had an antidilutive effect:


	For the three months ended March 31,
	2023	2022
Unexercised stock options	866,318	2,948,488
Unvested restricted common stock	—	1,436,920
Restricted units	1,914,812	2,528,005
Performance units	326,088	1,917,579
Total	3,107,218	8,830,992