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Earnings Per Share (EPS) and Dividends (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share Computation The following table shows the effect of these dilutive potential shares on the weighted average number of shares outstanding used in calculating diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

 

 

EPS Numerator (Millions):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

520

 

 

$

520

 

 

$

139

 

 

$

139

 

 

$

1,486

 

 

$

1,486

 

 

$

2,017

 

 

$

2,017

 

 

 

EPS Denominator (Millions):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Common Shares Outstanding

 

 

498

 

 

 

498

 

 

 

498

 

 

 

498

 

 

 

498

 

 

 

498

 

 

 

497

 

 

 

497

 

 

 

Effect of Stock Based Compensation Awards

 

 

 

 

 

2

 

 

 

 

 

 

2

 

 

 

 

 

 

2

 

 

 

 

 

 

3

 

 

 

Total Shares

 

 

498

 

 

 

500

 

 

 

498

 

 

 

500

 

 

 

498

 

 

 

500

 

 

 

497

 

 

 

500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

1.04

 

 

$

1.04

 

 

$

0.28

 

 

$

0.27

 

 

$

2.98

 

 

$

2.97

 

 

$

4.06

 

 

$

4.03

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Dividend Payments on Common Stock

Dividends

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

 

 

September 30,

 

 

September 30,

 

 

 

Dividend Payments on Common Stock

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

Per Share

 

$

0.60

 

 

$

0.57

 

 

$

1.80

 

 

$

1.71

 

 

 

In Millions

 

$

299

 

 

$

284

 

 

$

897

 

 

$

853