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EARNINGS PER SHARE | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE PG&E Corporation’s basic EPS is calculated by dividing the income 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 available for common shareholders and weighted average common shares outstanding for calculating diluted EPS:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions, except per share amounts) | 2024 |  | 2023 |  | 2024 |  | 2023
Income available for common shareholders | $ | 520 |  |  | $ | 406 |  |  | $ | 1,252 |  |  | $ | 975 |
Weighted average common shares outstanding, basic | 2,137 |  |  | 2,019 |  |  | 2,136 |  |  | 2,005 |
Add incremental shares from assumed conversions: |  |  |  |  |  |  |
Employee share-based compensation | 5 |  |  | 6 |  |  | 5 |  |  | 6 |
Equity units | — |  |  | 114 |  |  | — |  |  | 126 |
Weighted average common shares outstanding, diluted | 2,142 |  |  | 2,139 |  |  | 2,141 |  |  | 2,137 |
Total income per common share, diluted | $ | 0.24 |  |  | $ | 0.19 |  |  | $ | 0.58 |  |  | $ | 0.46 |
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. In addition, the Convertible Notes (as defined in Note 4) issued in December 2023 did not have a material impact on the calculation of diluted EPS.

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