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NET INCOME PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2024
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, 2024 and 2023:
| Six Months Ended June 30, |  | Three Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| Basic |  | Diluted |  | Basic |  | Diluted |  | Basic |  | Diluted |  | Basic |  | Diluted
Net income per common share (1) | $ | 17.26 |  |  | $ | 17.26 |  |  | $ | 9.23 |  |  | $ | 9.12 |  |  | $ | 10.48 |  |  | $ | 10.48 |  |  | $ | 5.22 |  |  | $ | 5.16 |
Numerator (in millions): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 875 |  |  | $ | 875 |  |  | $ | 463 |  |  | $ | 463 |  |  | $ | 531 |  |  | $ | 531 |  |  | $ | 262 |  |  | $ | 262 |
Effect of dilutive 2028 Notes | — |  |  | — |  |  | — |  |  | 4 |  |  | — |  |  | — |  |  | — |  |  | 2 |
Net income available to common stock | $ | 875 |  |  | $ | 875 |  |  | $ | 463 |  |  | $ | 467 |  |  | $ | 531 |  |  | $ | 531 |  |  | $ | 262 |  |  | $ | 264 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average of common stock outstanding for earnings per share | 50,697,444 |  | 50,697,444 |  | 50,203,652 |  | 50,203,652 |  | 50,697,447 |  | 50,697,447 |  | 50,162,687 |  | 50,162,687
Adjustment for assumed conversions | — |  | — |  | — |  | 990,268 |  | — |  | — |  | — |  | 990,268
Adjusted weighted average of common stock outstanding for earnings per share | 50,697,444 |  | 50,697,444 |  | 50,203,652 |  | 51,193,920 |  | 50,697,447 |  | 50,697,447 |  | 50,162,687 |  | 51,152,955
(1) Figures have been calculated using non-rounded amounts.

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