XML 31 R17.htm IDEA: XBRL DOCUMENT v3.24.2
EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
We calculate basic earnings per share by dividing net income by the weighted average number of common shares outstanding, excluding restricted shares. We calculate diluted earnings per share by dividing net income by the weighted average number of common shares outstanding plus the dilutive effect of outstanding share-based instruments, including stock options, restricted stock awards and warrants. Antidilutive common stock equivalents excluded from the diluted earnings per share calculation are not material. 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)2024202320242023
Net income$1,305 $1,827 $1,342 $1,464 
Basic weighted average shares outstanding641 639 640 639 
Dilutive effect of share-based instruments7 3 7 3 
Diluted weighted average shares outstanding648 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