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Equity And Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2023
Equity And Earnings Per Share [Abstract]  
IBG LLC Ownership of Member Interests

IBG, Inc.

Holdings

Total

Ownership %

24.8%

75.2%

100.0%

Membership interests

104,363,296

316,609,102

420,972,398

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,

2023

2022

2023

2022

(in millions, except share or per share amounts)

Basic earnings per share

Net income available for common stockholders

$

125

$

72

$

273

$

145

Weighted average shares of common stock outstanding

Class A

103,587,457

98,853,881

103,274,746

98,541,698

Class B

100

100

100

100

103,587,557

98,853,981

103,274,846

98,541,798

Basic earnings per share

$

1.21

$

0.73

$

2.65

$

1.47

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,

2023

2022

2023

2022

(in millions, except share or per share amounts)

Diluted earnings per share

Net income available for common stockholders

$

125

$

72

$

273

$

145

Weighted average shares of common stock outstanding

Class A

Issued and outstanding

103,587,457

98,853,881

103,274,746

98,541,698

Potentially dilutive common shares

Issuable pursuant to employee stock incentive plans

876,172

841,508

980,042

920,069

Class B

100

100

100

100

104,463,729

99,695,489

104,254,888

99,461,867

Diluted earnings per share

$

1.20

$

0.72

$

2.62

$

1.46