Equity And Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2021

Equity And Earnings Per Share [Abstract]


	IBG, Inc.	Holdings	Total
Ownership %	23.5%	76.5%	100.0%
Membership interests	98,175,951	319,880,492	418,056,443

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,
	2021		2020		2021		2020

	(in millions, except share or per share amounts)

Basic earnings per share
Net income available for common stockholders	$	42	$	46	$	241	$	124
Weighted average shares of common stock outstanding
Class A		96,229,858		78,509,525		92,814,667		77,542,908
Class B		100		100		100		100
		96,229,958		78,509,625		92,814,767		77,543,008
Basic earnings per share	$	0.44	$	0.59	$	2.60	$	1.60

‎

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,
	2021		2020		2021		2020

	(in millions, except share or per share amounts)

Diluted earnings per share
Net income available for common stockholders	$	42	$	46	$	241	$	124
Weighted average shares of common stock outstanding
Class A
Issued and outstanding		96,229,858		78,509,525		92,814,667		77,542,908
Potentially dilutive common shares
Issuable pursuant to employee stock incentive plans		760,010		610,923		856,922		700,691
Class B		100		100		100		100
		96,989,968		79,120,548		93,671,689		78,243,699
Diluted earnings per share	$	0.43	$	0.58	$	2.58	$	1.58