XML 71 R51.htm IDEA: XBRL DOCUMENT v3.22.4
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 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 for the years ended December 31:
202220212020
(In millions, except per share amounts)
Basic Earnings per Share
Net Income Attributable to DTE Energy Company — continuing operations$1,083 $796 $1,054 
Less: Allocation of earnings to net restricted stock awards3 
$1,080 $794 $1,052 
Net Income Attributable to DTE Energy Company — discontinued operations 111 314 
Net income available to common shareholders — basic$1,080 $905 $1,366 
Average number of common shares outstanding — basic195 193 193 
Income from continuing operations$5.53 $4.11 $5.46 
Income from discontinued operations 0.57 1.63 
Basic Earnings per Common Share$5.53 $4.68 $7.09 
Diluted Earnings per Share
Net Income Attributable to DTE Energy Company — continuing operations$1,083 $796 $1,054 
Less: Allocation of earnings to net restricted stock awards3 
$1,080 $794 $1,052 
Net Income Attributable to DTE Energy Company — discontinued operations 111 314 
Net income available to common shareholders — diluted$1,080 $905 $1,366 
Average number of common shares outstanding — basic195 193 193 
    Average dilutive equity units and performance share awards1 — 
Average number of common shares outstanding — diluted196 194 193 
Income from continuing operations$5.52 $4.10 $5.45 
Income from discontinued operations 0.57 1.63 
Diluted Earnings per Common Share(a)
$5.52 $4.67 $7.08 
_______________________________________
(a)Equity units excluded from the calculation of diluted EPS were approximately 11.5 million and 10.3 million for the years ended December 31, 2021 and 2020, respectively, as the dilutive stock price threshold was not met. These equity units were settled in November 2022 resulting in the issuance of common stock. For more information regarding equity units, see Note 14 to the Consolidated Financial Statements, "Long-Term Debt."