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Equity And Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2020
Equity And Earnings Per Share [Abstract]  
IBG LLC Ownership of Member Interests

IBG, Inc.

Holdings

Total

Ownership %

18.5%

81.5%

100.0%

Membership interests

76,759,906

338,670,642

415,430,548

Earnings Per Share Basic And Diluted Basic earnings per share is calculated utilizing net income available for common stockholders divided by the weighted average number of shares of Class A and Class B common stock outstanding for that period.

Three Months Ended March 31,

2020

2019

(in millions, except share or per share amounts)

Basic earnings per share

Net income available for common stockholders

$

46

$

49

Weighted average shares of common stock outstanding

Class A

76,751,068

75,100,962

Class B

100

100

76,751,168

75,101,062

Basic earnings per share

$

0.60

$

0.65

Diluted earnings per share are calculated utilizing the Company’s basic net income available for common stockholders divided by diluted weighted average shares outstanding with no adjustments to net income available to common stockholders for potentially dilutive common shares.

Three Months Ended March 31,

2020

2019

(in millions, except share or per share amounts)

Diluted earnings per share

Net income available for common stockholders

$

46

$

49

Weighted average shares of common stock outstanding

Class A

Issued and outstanding

76,751,068

75,100,962

Potentially dilutive common shares

Issuable pursuant to employee stock incentive plans

817,296

876,449

Class B

100

100

77,568,464

75,977,511

Diluted earnings per share

$

0.60

$

0.64