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

IBG, Inc.

Holdings

Total

Ownership %

25.4%

74.6%

100.0%

Membership interests

106,996,044

313,976,354

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 September 30,

Nine Months Ended September 30,

2023

2022

2023

2022

(in millions, except share or per share amounts)

Basic earnings per share

Net income available for common stockholders

$

167

$

99

$

440

$

244

Weighted average shares of common stock outstanding

Class A

106,233,457

101,818,567

104,271,821

99,645,991

Class B

100

100

100

100

106,233,557

101,818,667

104,271,921

99,646,091

Basic earnings per share

$

1.57

$

0.98

$

4.22

$

2.45

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,

2023

2022

2023

2022

(in millions, except share or per share amounts)

Diluted earnings per share

Net income available for common stockholders

$

167

$

99

$

440

$

244

Weighted average shares of common stock outstanding

Class A

Issued and outstanding

106,233,457

101,818,567

104,271,821

99,645,991

Potentially dilutive common shares

Issuable pursuant to employee stock incentive plans

777,870

736,815

912,651

858,984

Class B

100

100

100

100

107,011,427

102,555,482

105,184,572

100,505,075

Diluted earnings per share

$

1.56

$

0.97

$

4.19

$

2.43