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Equity And Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2023
Equity And Earnings Per Share [Abstract]  
IBG LLC Ownership of Member Interests

IBG, Inc.

Holdings

Total

Ownership %

24.5%

75.5%

100.0%

Membership interests

102,999,265

316,609,102

419,608,367

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,

2023

2022

(in millions, except share or per share amounts)

Basic earnings per share

Net income available for common stockholders

$

148

$

73

Weighted average shares of common stock outstanding

Class A

102,958,560

98,226,047

Class B

100

100

102,958,660

98,226,147

Basic earnings per share

$

1.44

$

0.74

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,

2023

2022

(in millions, except share or per share amounts)

Diluted earnings per share

Net income available for common stockholders

$

148

$

73

Weighted average shares of common stock outstanding

Class A

Issued and outstanding

102,958,560

98,226,047

Potentially dilutive common shares

Issuable pursuant to employee stock incentive plans

1,083,911

998,629

Class B

100

100

104,042,571

99,224,776

Diluted earnings per share

$

1.42

$

0.74