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Earnings Per Common Share | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Earnings Per Common Share | Earnings Per Common Share The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per common share computations for the six and three months ended June 30, 2024 and 2023 (in millions, except per share amounts):
| Six Months Ended June 30, |  | Three Months Ended June 30,
2024 |  | 2023 |  | 2024 |  | 2023
Basic: |  |  |  |  |  |  |
Net income attributable to Intercontinental Exchange, Inc. | $ | 1,399 |  |  | $ | 1,454 |  |  | $ | 632 |  |  | $ | 799 |
Weighted average common shares outstanding | 573 |  |  | 560 |  |  | 573 |  |  | 560 |
Basic earnings per common share | $ | 2.44 |  |  | $ | 2.60 |  |  | $ | 1.10 |  |  | $ | 1.43 |
Diluted: |  |  |  |  |  |  |
Weighted average common shares outstanding | 573 |  |  | 560 |  |  | 573 |  |  | 560 |
Effect of dilutive securities - stock options and restricted stock | 2 |  |  | 1 |  |  | 2 |  |  | 1 |
Diluted weighted average common shares outstanding | 575 |  |  | 561 |  |  | 575 |  |  | 561 |
Diluted earnings per common share | $ | 2.43 |  |  | $ | 2.59 |  |  | $ | 1.10 |  |  | $ | 1.42 |
Basic earnings per common share is calculated using the weighted average common shares outstanding during the period. Common equivalent shares from stock options and restricted stock awards, calculated using the treasury stock method, are included in the diluted per share calculations unless the effect of their inclusion would be antidilutive. During both the six months ended June 30, 2024 and 2023, 1 million outstanding stock options and restricted stock awards were not included in the computation of diluted earnings per common share, because to do so would have had an antidilutive effect.

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