Earnings per share

3 Months Ended

Mar. 31, 2022


	Three Months Ended
	March 31
(in millions of U.S. dollars, except share and per share data)	2022		2021
Numerator:
Net income	$	1,974	$	2,300
Denominator:
Denominator for basic earnings per share:
Weighted-average shares outstanding	425,805,105		450,539,568
Denominator for diluted earnings per share:
Share-based compensation plans	3,985,729		2,795,971
Weighted-average shares outstanding and assumed conversions	429,790,834		453,335,539
Basic earnings per share	$	4.64	$	5.10
Diluted earnings per share	$	4.59	$	5.07
Potential anti-dilutive share conversions	681,032		1,952,612

Excluded from weighted-average shares outstanding and assumed conversions is the impact of securities that would have been anti-dilutive during the respective periods. These securities consisted of stock options in which the underlying exercise prices were greater than the average market prices of our Common Shares. Refer to Note 12 to the Consolidated Financial Statements of our 2021 Form 10-K for additional information on stock options.