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EARNINGS PER SHARE | 12 Months Ended
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Dec. 31, 2022
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE PG&E Corporation’s basic EPS is calculated by dividing the income (loss) available for common shareholders by the weighted average number of common shares outstanding. PG&E Corporation applies the treasury stock method of reflecting the dilutive effect of outstanding share-based compensation in the calculation of diluted EPS. The following is a reconciliation of PG&E Corporation’s income (loss) available for common shareholders and weighted average common shares outstanding for calculating diluted EPS for 2022, 2021, and 2020.
| Year Ended December 31,
(in millions, except per share amounts) | 2022 |  | 2021 |  | 2020
Income (loss) available for common shareholders | $ | 1,800 |  |  | $ | (102) |  |  | $ | (1,318) |
Weighted average common shares outstanding, basic | 1,987 |  |  | 1,985 |  |  | 1,257 |
Add incremental shares from assumed conversions: |  |  |  |  |
Employee share-based compensation | 8 |  |  | — |  |  | — |
Equity Units | 137 |  |  | — |  |  | — |
Weighted average common shares outstanding, diluted | 2,132 |  |  | 1,985 |  |  | 1,257 |
Total earnings (loss) per common share, diluted | $ | 0.84 |  |  | $ | (0.05) |  |  | $ | (1.05) |
For each of the periods presented above, the calculation of outstanding common shares on a diluted basis excluded an insignificant amount of options and securities that were antidilutive.

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