NET INCOME PER SHARE (Tables)

3 Months Ended

Mar. 31, 2024

Net income per share of common stock is as follows for the three-month periods ended March 31, 2024 and 2023:


	Three Months Ended March 31,
		2024	2023
			Basic		Diluted		Basic		Diluted
Net income per common share (1)			$	6.78	$	6.78	$	4.01	$	3.97

Numerator (in millions):
Net income			$	344	$	344	$	201	$	201
Effect of dilutive 2028 Notes			—		—		—		2
Net income available to common stock			$	344	$	344	$	201	$	203

Denominator:
Weighted average of common stock outstanding for earnings per share			50,697,442		50,697,442		50,245,073		50,245,073
Adjustment for assumed conversions			—		—		—		990,268
Adjusted weighted average of common stock outstanding for earnings per share			50,697,442		50,697,442		50,245,073		51,235,341

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