EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2023

The earnings per share amounts are the same for class A and class B common shares as the holders of each class are legally entitled to equal per-share distributions whether through dividends or in liquidation.

The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2023 and 2022 (in millions, except per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Numerator:
Net income attributable to common shareowners	$	1,127	$	2,584	$	5,103	$	8,095
Denominator:
Weighted average shares	853		867		856		870

Vested portion of restricted units	4		3		4		3
Denominator for basic earnings per share	857		870		860		873
Effect of dilutive securities:
Restricted units	1		2		1		2
Stock options	—		—		—		1
Denominator for diluted earnings per share	858		872		861		876
Basic earnings per share(1)	$	1.31	$	2.97	$	5.93	$	9.27
Diluted earnings per share(1)	$	1.31	$	2.96	$	5.92	$	9.24
(1) Earnings per share is computed using unrounded amounts.

Diluted earnings per share for the three and nine months ended September 30, 2023 and 2022 excluded the effect of 0.2 and 0.1 million shares of common stock, respectively, that may be issued upon the exercise of employee stock options because such effect would be antidilutive.