XML 56 R36.htm IDEA: XBRL DOCUMENT v3.22.2.2
Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following is a reconciliation of DTE Energy's basic and diluted income per share calculation:
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
(In millions, except per share amounts)
Basic Earnings per Share
Net Income Attributable to DTE Energy Company — continuing operations$387 $58 $818 $495 
Less: Allocation of earnings to net restricted stock awards1 — 2 1 
$386 $58 $816 $494 
Net Income Attributable to DTE Energy Company — discontinued operations— (33)— 106 
Net income available to common shareholders — basic$386 $25 $816 $600 
Average number of common shares outstanding — basic193 193 193 193 
Income from continuing operations$2.00 $0.30 $4.22 $2.55 
Income from discontinued operations— (0.17)— 0.55 
Basic Earnings per Common Share$2.00 $0.13 $4.22 $3.10 
Diluted Earnings per Share
Net Income Attributable to DTE Energy Company — continuing operations$387 $58 $818 $495 
Less: Allocation of earnings to net restricted stock awards1 — 2 1 
$386 $58 $816 $494 
Net Income Attributable to DTE Energy Company — discontinued operations— (33)— 106 
Net income available to common shareholders — diluted$386 $25 $816 $600 
Average number of common shares outstanding — basic193 193 193 193 
Average dilutive equity units and performance share awards1 1 1 1 
Average number of common shares outstanding — diluted194 194 194 194 
Income from continuing operations$1.99 $0.30 $4.21 $2.55 
Income from discontinued operations— (0.17)— 0.55 
Diluted Earnings per Common Share(a)
$1.99 $0.13 $4.21 $3.10 
_______________________________________
(a)Equity units excluded from the calculation of diluted EPS were approximately 10.1 million and 11.1 million for the three months ended September 30, 2022 and 2021, respectively, and 10.2 million and 11.5 million for the nine months ended September 30, 2022 and 2021, respectively, as the dilutive stock price threshold was not met.