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Equity And Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2022
Equity And Earnings Per Share [Abstract]  
IBG LLC Ownership of Member Interests

IBG, Inc.

Holdings

Total

Ownership %

23.7%

76.3%

100.0%

Membership interests

99,601,921

319,880,492

419,482,413

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,

2022

2021

2022

2021

(in millions, except share or per share amounts)

Basic earnings per share

Net income available for common stockholders

$

72

$

92

$

145

$

199

Weighted average shares of common stock outstanding

Class A

98,853,881

91,365,134

98,541,698

91,078,768

Class B

100

100

100

100

98,853,981

91,365,234

98,541,798

91,078,868

Basic earnings per share

$

0.73

$

1.01

$

1.47

$

2.19

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,

2022

2021

2022

2021

(in millions, except share or per share amounts)

Diluted earnings per share

Net income available for common stockholders

$

72

$

92

$

145

$

199

Weighted average shares of common stock outstanding

Class A

Issued and outstanding

98,853,881

91,365,134

98,541,698

91,078,768

Potentially dilutive common shares

Issuable pursuant to employee stock incentive plans

841,508

833,935

920,069

905,378

Class B

100

100

100

100

99,695,489

92,199,169

99,461,867

91,984,246

Diluted earnings per share

$

0.72

$

1.00

$

1.46

$

2.17