NET INCOME PER SHARE (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Basic and Diluted Earnings Per Share

Basic and diluted net income per share are calculated using the treasury stock method.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Basic
Net income	$	761.5	$	685.1	$	2,032.6	$	1,633.8
Average shares outstanding	255.1		257.7		255.9		258.2
Basic net income per share	$	2.98	$	2.66	$	7.94	$	6.33

Diluted
Net income	$	761.5	$	685.1	$	2,032.6	$	1,633.8
Average shares outstanding assuming dilution:
Average shares outstanding	255.1		257.7		255.9		258.2
Stock options and other contingently issuable shares (1)	3.3		3.4		2.9		4.0

Average shares outstanding assuming dilution	258.4		261.1		258.8		262.2
Diluted net income per share	$	2.95	$	2.62	$	7.85	$	6.23

(1)There were 1.1 million and 2.0 million of stock options and other contingently issuable shares excluded due to their anti-dilutive effect for the three and nine months ended September 30, 2023, respectively. There were 1.9 million and 1.1 million of stock options and other contingently issuable shares excluded due to their anti-dilutive effect for the three and nine months ended September 30, 2022, respectively.