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Net income per share (Tables)

9 Months Ended

Sep. 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 nine and three-month periods ended September 30, 2023 and 2022:


			Nine Months Ended September 30,																								Three Months Ended September 30,
			2023												2022												2023												2022
			Basic						Diluted						Basic						Diluted						Basic						Diluted						Basic						Diluted
Net income per common share (*)			$	16.40					$	16.36					$	6.30					$	6.29					$	7.18					$	7.16					$	2.57					$	2.56

Numerator (in millions):
Net income			$	822					$	822					$	317					$	317					$	359					$	359					$	129					$	129
Effect of dilutive 2028 Notes			—						1						—						6						—						—						—						2
Net income available to common stock			$	822					$	823					$	317					$	323					$	359					$	359					$	129					$	131

Denominator:
Weighted average of common stock outstanding for earnings per share			50,137,826						50,137,826						50,365,813						50,365,813						50,008,320						50,008,320						50,325,075						50,325,075
Adjustment for assumed conversions			—						201,119						—						990,268						—						201,119						—						990,268
Adjusted weighted average of common stock outstanding for earnings per share			50,137,826						50,338,945						50,365,813						51,356,081						50,008,320						50,209,439						50,325,075						51,315,343

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