Net income per share (Tables)

3 Months Ended

Mar. 31, 2023

Net income per share of common stock is as follows for the three-month periods ended March 31, 2023 and 2022:


	Three Months Ended March 31,
	2023				2022
	Basic		Diluted		Basic		Diluted
Net income per common share (*)	$	4.01	$	3.97	$	1.30	$	1.30

Numerator (in millions):
Net income	$	201	$	201	$	65	$	65
Effect of dilutive Convertible Senior Notes	—		2		—		—
Net income corresponding to common stock	$	201	$	203	$	65	$	65

Denominator:
Weighted average of common stock outstanding for earnings per share	50,245,073		50,245,073		50,408,754		50,408,754
Adjustment for assumed conversions	—		990,268		—		—
Adjusted weighted average of common stock outstanding for earnings per share	50,245,073		51,235,341		50,408,754		50,408,754

(*) Figures have been calculated using non-rounded amounts.