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Net Income Per Share
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
Basic net income per share is computed by dividing net income for the period by the weighted average number of shares of common stock outstanding during the period. Diluted net income per share is computed by dividing net income for the period by the weighted average number of shares of common stock and potentially dilutive common stock outstanding during the period. The dilutive effect of outstanding options and equity incentive awards is reflected in diluted net income per share by application of the treasury stock method. The calculation of diluted net income per share excludes all anti-dilutive shares of common stock.

The following table presents the computation of basic and diluted net income per share for the periods indicated (in millions, except per share amounts):
 Three Months Ended
September 30,
Nine Months Ended
September 30,
 2025202420252024
Numerator:
Income from continuing operations
$597 $636 $1,471 $1,301 
Income (loss) from discontinued operations, net of income taxes
35 (2)32 (5)
Net income
$632 $634 $1,503 $1,296 
Denominator:
Weighted average shares of common stock - basic456 487 461 502 
Dilutive effect of equity incentive awards11 10 
Weighted average shares of common stock - diluted467 494 471 507 
Income (loss) per share - basic:
Continuing operations$1.31 $1.31 $3.19 $2.59 
Discontinued operations0.08 — 0.07 (0.01)
Net income per share - basic
$1.39 $1.31 $3.26 $2.58 
Income (loss) per share - diluted:
Continuing operations$1.28 $1.29 $3.13 $2.57 
Discontinued operations0.07 — 0.07 (0.01)
Net income per share - diluted
$1.35 $1.29 $3.20 $2.56 
Common stock equivalents excluded from income per diluted share because their effect would have been anti-dilutive
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