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NET INCOME PER SHARE (Tables)

6 Months Ended

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.