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

IBG, Inc.

Holdings

Total

Ownership %

19.0%

81.0%

100.0%

Membership interests

79,057,622

337,670,642

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 September 30,

Nine Months Ended September 30,

2020

2019

2020

2019

(in millions, except share or per share amounts)

Basic earnings per share

Net income available for common stockholders

$

46

$

36

$

124

$

117

Weighted average shares of common stock outstanding

Class A

78,509,525

76,742,689

77,542,908

75,909,980

Class B

100

100

100

100

78,509,625

76,742,789

77,543,008

75,910,080

Basic earnings per share

$

0.59

$

0.46

$

1.60

$

1.54

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 September 30,

Nine Months Ended September 30,

2020

2019

2020

2019

(in millions, except share or per share amounts)

Diluted earnings per share

Net income available for common stockholders

$

46

$

36

$

124

$

117

Weighted average shares of common stock outstanding

Class A

Issued and outstanding

78,509,525

76,742,689

77,542,908

75,909,980

Potentially dilutive common shares

Issuable pursuant to employee stock incentive plans

610,923

606,187

700,691

736,407

Class B

100

100

100

100

79,120,548

77,348,976

78,243,699

76,646,487

Diluted earnings per share

$

0.58

$

0.45

$

1.58

$

1.52