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Equity And Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2022
Equity And Earnings Per Share [Abstract]  
IBG LLC Ownership of Member Interests

IBG, Inc.

Holdings

Total

Ownership %

23.5%

76.5%

100.0%

Membership interests

98,280,127

319,880,492

418,160,619

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,

2022

2021

(in millions, except share or per share amounts)

Basic earnings per share

Net income available for common stockholders

$

73

$

107

Weighted average shares of common stock outstanding

Class A

98,226,047

90,789,221

Class B

100

100

98,226,147

90,789,321

Basic earnings per share

$

0.74

$

1.18

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,

2022

2021

(in millions, except share or per share amounts)

Diluted earnings per share

Net income available for common stockholders

$

73

$

107

Weighted average shares of common stock outstanding

Class A

Issued and outstanding

98,226,047

90,789,221

Potentially dilutive common shares

Issuable pursuant to employee stock incentive plans

998,629

976,821

Class B

100

100

99,224,776

91,766,142

Diluted earnings per share

$

0.74

$

1.16