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EARNINGS PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Computation of Basic and Diluted Earnings Per Share | The following table shows the computation of basic and diluted earnings per share:
Basic and diluted earnings per share
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions, except per share data) | 2024 | 2023 |  | 2024 | 2023
Net income | $ | 1,305 |  | $ | 1,827 |  |  | $ | 1,342 |  | $ | 1,464 |
Basic weighted average shares outstanding | 641 |  | 639 |  |  | 640 |  | 639 |
Dilutive effect of share-based instruments | 7 |  | 3 |  |  | 7 |  | 3 |
Diluted weighted average shares outstanding | 648 |  | 642 |  |  | 647 |  | 642 |
Basic earnings per share | $ | 2.04 |  | $ | 2.86 |  |  | $ | 2.10 |  | $ | 2.29 |
Diluted earnings per share | $ | 2.01 |  | $ | 2.84 |  |  | $ | 2.08 |  | $ | 2.28 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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