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Equity And Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2021
Equity And Earnings Per Share [Abstract]  
IBG LLC Ownership of Member Interests

IBG, Inc.

Holdings

Total

Ownership %

22.0%

78.0%

100.0%

Membership interests

92,091,373

325,960,034

418,051,407

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,

2021

2020

2021

2020

(in millions, except share or per share amounts)

Basic earnings per share

Net income available for common stockholders

$

92

$

32

$

199

$

78

Weighted average shares of common stock outstanding

Class A

91,365,134

77,357,509

91,078,768

77,054,288

Class B

100

100

100

100

91,365,234

77,357,609

91,078,868

77,054,388

Basic earnings per share

$

1.01

$

0.41

$

2.19

$

1.01

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,

2021

2020

2021

2020

(in millions, except share or per share amounts)

Diluted earnings per share

Net income available for common stockholders

$

92

$

32

$

199

$

78

Weighted average shares of common stock outstanding

Class A

Issued and outstanding

91,365,134

77,357,509

91,078,768

77,054,288

Potentially dilutive common shares

Issuable pursuant to employee stock incentive plans

833,935

673,853

905,378

745,575

Class B

100

100

100

100

92,199,169

78,031,462

91,984,246

77,799,963

Diluted earnings per share

$

1.00

$

0.40

$

2.17

$

1.00