NET INCOME PER SHARE (Tables)

12 Months Ended

Dec. 31, 2023

Net income per share of common stock is as follows for the years ended December 31, 2023, 2022 and 2021:


	Year Ended December 31,
	2023				2022				2021
	Basic		Diluted		Basic		Diluted		Basic		Diluted
Net income per common share (1)	$	19.64	$	19.46	$	9.57	$	9.53	$	1.67	$	1.67

Numerator (in millions):
Net income	$	987	$	987	$	482	$	482	$	83	$	83
Effect of dilutive 2028 Notes	—		6		—		7		—		—
Net income available to common stock	$	987	$	993	$	482	$	489	$	83	$	83

Denominator:
Weighted average of common stock outstanding for earnings per share	50,262,302		50,262,302		50,345,353		50,345,353		49,802,993		49,802,993
Adjustment for assumed conversions	—		744,558		—		990,268		—		—
Adjusted weighted average of common stock outstanding for earnings per share	50,262,302		51,006,860		50,345,353		51,335,621		49,802,993		49,802,993

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