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Earnings Per Share

3 Months Ended

Mar. 31, 2023

The components of basic and diluted earnings per share (“EPS”) for common shares were as follows:


	Three Months Ended March 31,
		2023		2022
		(in millions, except per share data)
Numerator
Net income		$	2,361	$	2,631
Denominator
Basic weighted-average shares outstanding		953		977
Dilutive stock options and stock units		3		4
Diluted weighted-average shares outstanding 1		956		981
Earnings per Share
Basic		$	2.48	$	2.69
Diluted		$	2.47	$	2.68

Note: Table may not sum due to rounding.

1 For the periods presented, the calculation of diluted EPS excluded a minimal amount of anti-dilutive share-based payment awards.