Net Income Per Share

3 Months Ended

Mar. 31, 2024

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 periods ended March 31, 2024 and 2023 (in millions, except per share data):

	Three Months Ended March 31,
	2024		2023
Numerator for Basic and Diluted Earnings Per Share -
Net Income	$	1,789	$	2,023
Denominator for Basic Earnings Per Share -
Weighted Average Shares	575		584
Potential Dilutive Common Shares -
Stock Options/SARs/ESPP	1		1
Restricted Stock/Units and Performance Units	1		2
Denominator for Diluted Earnings Per Share -
Adjusted Diluted Weighted Average Shares	577		587
Net Income Per Share
Basic	$	3.11	$	3.46
Diluted	$	3.10	$	3.45

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 March 31, 2024 and 2023, respectively.