Earnings per share

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Earnings per share

Earnings per share

	Three Months Ended				Six Months Ended
	June 30				June 30
(in millions of U.S. dollars, except share and per share data)	2022		2021		2022		2021
Numerator:
Net income	$	1,215	$	2,265	$	3,189	$	4,565
Denominator:
Denominator for basic earnings per share:
Weighted-average shares outstanding	421,624,660		445,094,678		423,703,328		447,802,079
Denominator for diluted earnings per share:
Share-based compensation plans	3,793,686		2,857,242		3,982,116		2,900,440
Weighted-average shares outstanding and assumed conversions	425,418,346		447,951,920		427,685,444		450,702,519
Basic earnings per share	$	2.88	$	5.09	$	7.53	$	10.20
Diluted earnings per share	$	2.86	$	5.06	$	7.46	$	10.13
Potential anti-dilutive share conversions	1,690,893		1,777,555		1,196,180		1,879,882

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.