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Income Per Share and Stockholders' Equity | 3 Months Ended
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Mar. 31, 2024
Earnings Per Share And Stockholders Equity [Abstract] |
Income Per Share and Stockholders' Equity | Income Per Share and Stockholders’ Equity The calculations of basic and diluted income per share attributable to CBRE Group, Inc. stockholders are as follows (dollars in millions, except share and per share data):
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
Basic Income Per Share |  |  |  |  |  |  |
Net income attributable to CBRE Group, Inc. stockholders | $ | 126 |  |  | $ | 117 |  |  |  |  |
Weighted average shares outstanding for basic income per share | 305,808,212 |  |  | 310,464,609 |  |  |  |  |
Basic income per share attributable to CBRE Group, Inc. stockholders | $ | 0.41 |  |  | $ | 0.38 |  |  |  |  |
Diluted Income Per Share |  |  |  |  |  |  |
Net income attributable to CBRE Group, Inc. stockholders | $ | 126 |  |  | $ | 117 |  |  |  |  |
Weighted average shares outstanding for basic income per share | 305,808,212 |  |  | 310,464,609 |  |  |  |  |
Dilutive effect of contingently issuable shares | 2,694,244 |  |  | 4,893,538 |  |  |  |  |
Weighted average shares outstanding for diluted income per share | 308,502,456 |  |  | 315,358,147 |  |  |  |  |
Diluted income per share attributable to CBRE Group, Inc. stockholders | $ | 0.41 |  |  | $ | 0.37 |  |  |  |  |
For the three months ended March 31, 2024 and 2023, 631,095 and 511,419, respectively, of contingently issuable shares were excluded from the computation of diluted income per share because their inclusion would have had an anti-dilutive effect. On November 19, 2021, our board of directors authorized a program for the repurchase of up to $2.0 billion of our Class A common stock over five years (the 2021 program). On August 18, 2022, our board of directors authorized an additional $2.0 billion, bringing the total authorized repurchase amount under this program to a total of $4.0 billion. We did not repurchase any shares of our Class A common stock during the three months ended March 31, 2024. As of March 31, 2024, we had approximately $1.5 billion of capacity remaining under the 2021 program. During the three months ended March 31, 2023, we repurchased 1,368,173 shares of our common stock using cash on hand for an aggregate of $114.2 million.

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