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EARNINGS PER SHARE | 9 Months Ended
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Sep. 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 September 30, |  | Nine Months Ended September 30,
(in millions, except per share amounts) | 2024 |  | 2023 |  | 2024 |  | 2023
Income available for common shareholders | $ | 576 |  |  | $ | 348 |  |  | $ | 1,828 |  |  | $ | 1,323 |
Weighted average common shares outstanding, basic | 2,137 |  |  | 2,111 |  |  | 2,136 |  |  | 2,041 |
Add incremental shares from assumed conversions: |  |  |  |  |  |  |
Employee share-based compensation | 6 |  |  | 6 |  |  | 6 |  |  | 6 |
Equity units | — |  |  | 23 |  |  | — |  |  | 91 |
Weighted average common shares outstanding, diluted | 2,143 |  |  | 2,140 |  |  | 2,142 |  |  | 2,138 |
Total income per common share, diluted | $ | 0.27 |  |  | $ | 0.16 |  |  | $ | 0.85 |  |  | $ | 0.62 |
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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