Net Income Per Share

3 Months Ended

Mar. 31, 2025

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, 2025 and 2024 (in millions, except per share data):

	Three Months Ended March 31,
	2025		2024
Numerator for Basic and Diluted Earnings Per Share -
Net Income	$	1,463	$	1,789
Denominator for Basic Earnings Per Share -
Weighted Average Shares	550		575
Potential Dilutive Common Shares -
Stock Options/SARs/ESPP	1		1
Restricted Stock/Units and Performance Units	2		1
Denominator for Diluted Earnings Per Share -
Adjusted Diluted Weighted Average Shares	553		577
Net Income Per Share
Basic	$	2.66	$	3.11
Diluted	$	2.65	$	3.10

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 for both the three-month periods ended March 31, 2025 and 2024.