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Equity And Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2020
Equity And Earnings Per Share [Abstract]  
IBG LLC Ownership of Member Interests

IBG, Inc.

Holdings

Total

Ownership %

18.7%

81.3%

100.0%

Membership interests

78,057,622

338,670,642

416,728,264

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 June 30,

Six Months Ended June 30,

2020

2019

2020

2019

(in millions, except share or per share amounts)

Basic earnings per share

Net income available for common stockholders

$

32

$

32

$

78

$

81

Weighted average shares of common stock outstanding

Class A

77,357,509

75,868,249

77,054,288

75,486,725

Class B

100

100

100

100

77,357,609

75,868,349

77,054,388

75,486,825

Basic earnings per share

$

0.41

$

0.43

$

1.01

$

1.08

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 June 30,

Six Months Ended June 30,

2020

2019

2020

2019

(in millions, except share or per share amounts)

Diluted earnings per share

Net income available for common stockholders

$

32

$

32

$

78

$

81

Weighted average shares of common stock outstanding

Class A

Issued and outstanding

77,357,509

75,868,249

77,054,288

75,486,725

Potentially dilutive common shares

Issuable pursuant to employee stock incentive plans

673,853

726,585

745,575

801,517

Class B

100

100

100

100

78,031,462

76,594,934

77,799,963

76,288,342

Diluted earnings per share

$

0.40

$

0.43

$

1.00

$

1.07