Net Income Per Share

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Net Income Per Share

Net Income Per Share

The following table sets forth the computation of Net Income Per Share for the three-month and nine-month periods ended September 30, 2023 and 2022 (in millions, except per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Numerator for Basic and Diluted Earnings Per Share -
Net Income	$	2,030	$	2,854	$	5,606	$	5,482
Denominator for Basic Earnings Per Share -
Weighted Average Shares	579		583		581		583
Potential Dilutive Common Shares -
Stock Options/SARs/ESPP	1		1		1		2
Restricted Stock/Units and Performance Units	3		3		2		2
Denominator for Diluted Earnings Per Share -
Adjusted Diluted Weighted Average Shares	583		587		584		587
Net Income Per Share
Basic	$	3.51	$	4.90	$	9.65	$	9.40
Diluted	$	3.48	$	4.86	$	9.60	$	9.34

The diluted earnings per share calculation excludes stock option, SAR and ESPP grants that were anti-dilutive. Shares underlying the excluded stock option, SAR and ESPP grants were zero and 1 million for the three-month periods ended September 30, 2023 and 2022, respectively, and were 1 million for both the nine-month periods ended September 30, 2023 and 2022.