Equity And Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Equity And Earnings Per Share [Abstract]


	IBG, Inc.	Holdings	Total
Ownership %	25.4%	74.6%	100.0%
Membership interests	107,049,483	313,976,354	421,025,837

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.



	Year-Ended December 31,
	2023		2022		2021

	(in millions, except share or per share amounts)

Basic earnings per share
Net income available for common stockholders	$	600	$	380	$	308
Weighted average shares of common stock outstanding
Class A		104,964,950		100,459,916		94,167,472
Class B		100		100		100
		104,965,050		100,460,016		94,167,572
Basic earnings per share	$	5.72	$	3.78	$	3.27

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.



	Year-Ended December 31,
	2023		2022		2021

	(in millions, except share or per share amounts)

Diluted earnings per share
Net income available for common stockholders	$	600	$	380	$	308
Weighted average shares of common stock outstanding
Class A
Issued and outstanding		104,964,950		100,459,916		94,167,472
Potentially dilutive common shares
Issuable pursuant to employee stock incentive plans		881,827		839,593		842,308
Class B		100		100		100
		105,846,877		101,299,609		95,009,880
Diluted earnings per share	$	5.67	$	3.75	$	3.24