Earnings per share

6 Months Ended

Jun. 30, 2023


	Three Months Ended				Six Months Ended
	June 30				June 30
	2023		2022		2023		2022
(in millions of U.S. dollars, except share and per share data)			As Adjusted				As Adjusted
Numerator:
Net income	$	1,793	$	1,190	$	3,685	$	3,143
Denominator:
Denominator for basic earnings per share:
Weighted-average shares outstanding	412,487,400		421,624,660		413,383,304		423,703,328
Denominator for diluted earnings per share:
Share-based compensation plans	3,084,476		3,793,686		3,387,233		3,982,116
Weighted-average shares outstanding and assumed conversions	415,571,876		425,418,346		416,770,537		427,685,444
Basic earnings per share	$	4.35	$	2.82	$	8.92	$	7.42
Diluted earnings per share	$	4.32	$	2.80	$	8.84	$	7.35
Potential anti-dilutive share conversions	3,143,311		1,690,893		2,190,304		1,196,180

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 2022 Form 10-K for additional information on stock options.