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Net income per share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Net Income Per Share of Common Stock

Net income per share of common stock is as follows for the six and three-month periods ended June 30, 2023 and 2022:


			Six Months Ended June 30,																								Three Months Ended June 30,
			2023												2022												2023												2022
			Basic						Diluted						Basic						Diluted						Basic						Diluted						Basic						Diluted
Net income per common share (*)			$	9.23					$	9.12					$	3.73					$	3.73					$	5.22					$	5.16					$	2.43					$	2.43

Numerator (in millions):
Net income			$	463					$	463					$	188					$	188					$	262					$	262					$	123					$	123
Effect of dilutive Convertible Senior Notes			—						4						—						—						—						2						—						—
Net income available to common stock			$	463					$	467					$	188					$	188					$	262					$	264					$	123					$	123

Denominator:
Weighted average of common stock outstanding for earnings per share			50,203,652						50,203,652						50,386,519						50,386,519						50,162,687						50,162,687						50,364,529						50,364,529
Adjustment for assumed conversions			—						990,268						—						—						—						990,268						—						—
Adjusted weighted average of common stock outstanding for earnings per share			50,203,652						51,193,920						50,386,519						50,386,519						50,162,687						51,152,955						50,364,529						50,364,529

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