NET INCOME PER SHARE (Tables)

12 Months Ended

Dec. 31, 2024

Net income per share of common stock is as follows for the years ended December 31, 2024, 2023 and 2022:


	Year Ended December 31,
	2024				2023				2022
	Basic		Diluted		Basic		Diluted		Basic		Diluted
Net income per common share (1)	$	37.69	$	37.69	$	19.64	$	19.46	$	9.57	$	9.53

Numerator (in millions):
Net income	$	1,911	$	1,911	$	987	$	987	$	482	$	482
Effect of dilutive 2028 Notes	—		—		—		6		—		7
Net income available to common stock	$	1,911	$	1,911	$	987	$	993	$	482	$	489

Denominator:
Weighted average of common stock outstanding for earnings per share	50,697,428		50,697,428		50,262,302		50,262,302		50,345,353		50,345,353
Adjustment for assumed conversions	—		—		—		744,558		—		990,268
Adjusted weighted average of common stock outstanding for earnings per share	50,697,428		50,697,428		50,262,302		51,006,860		50,345,353		51,335,621

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