Net Earnings (Loss) per Share

3 Months Ended

Mar. 31, 2023

The basic weighted average shares and common stock equivalents for the three months ended March 31, 2023 and 2022, were computed using the treasury stock method.

The following table summarizes net earnings and net earnings per share attributable to FIS common stockholders for the three months ended March 31, 2023 and 2022 (in millions, except per share amounts):


	Three months ended March 31,
	2023		2022
Net earnings attributable to FIS common stockholders	$	140	$	120
Weighted average shares outstanding-basic	592		610
Plus: Common stock equivalent shares	1		4
Weighted average shares outstanding-diluted	593		614
Net earnings per share-basic attributable to FIS common stockholders	$	0.24	$	0.20
Net earnings per share-diluted attributable to FIS common stockholders	$	0.24	$	0.20

Options to purchase approximately 9 million and 5 million shares of our common stock, were not included in the computation of diluted earnings per share for the three months ended March 31, 2023 and 2022, respectively, because they were anti-dilutive.

In January 2021, our Board of Directors approved a share repurchase program under which it authorized the Company to repurchase up to 100 million shares of our common stock at management's discretion from time to time on the open market or in privately negotiated transactions and through Rule 10b5-1 plans. The new repurchase program has no expiration date and may be suspended for periods, amended or discontinued at any time. Approximately 64 million shares remained available for repurchase as of March 31, 2023. Our current plan for 2023 is to reorient our use of excess cash flow from share repurchases to debt reduction, in part given our outlook for business trends in 2023.