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Earnings Per Share | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | 4. Earnings Per Share (PPL) Basic EPS is computed by dividing income available to PPL common shareowners by the weighted-average number of common shares outstanding during the applicable period. Diluted EPS is computed by dividing income available to PPL common shareowners by the weighted-average number of common shares outstanding, increased by incremental shares that would be outstanding if potentially dilutive share-based payment awards were converted to common shares as calculated using the Two-Class Method or Treasury Stock Method. The If-Converted Method will be applied to the Exchangeable Senior Notes due 2028 issued in February 2023. See Note 7 for additional information. Reconciliations of the amounts of income and shares of PPL common stock (in thousands) for the periods ended September 30 used in the EPS calculation are:
| Three Months |  | Nine Months
| 2023 |  | 2022 |  | 2023 |  | 2022
Income (Numerator) |  |  |  |  |  |  |
Net income attributable to PPL | $ | 230 |  |  | $ | 174 |  |  | $ | 627 |  |  | $ | 566 |
Less amounts allocated to participating securities | — |  |  | — |  |  | 1 |  |  | — |
Net income available to PPL common shareowners - Basic and Diluted | $ | 230 |  |  | $ | 174 |  |  | $ | 626 |  |  | $ | 566 |
Shares of Common Stock (Denominator) |  |  |  |  |  |  |
Weighted-average shares - Basic EPS | 737,107 |  |  | 736,247 |  |  | 737,005 |  |  | 735,912 |
Add: Dilutive share-based payment awards | 1,077 |  |  | 827 |  |  | 1,016 |  |  | 767 |
Weighted-average shares - Diluted EPS | 738,184 |  |  | 737,074 |  |  | 738,021 |  |  | 736,679 |
Basic and Diluted EPS |  |  |  |  |  |  |
Net Income available to PPL common shareowners | $ | 0.31 |  |  | $ | 0.24 |  |  | $ | 0.85 |  |  | $ | 0.77 |
For the periods ended September 30, PPL issued shares of common stock related to stock-based compensation plans as follows (in thousands):
| Three Months |  | Nine Months
| 2023 |  | 2022 |  | 2023 |  | 2022
Stock-based compensation plans | — |  |  | — |  |  | — |  |  | 124 |
For the periods ended September 30, the following shares (in thousands) were excluded from the computations of diluted EPS because the effect would have been antidilutive.
| Three Months |  | Nine Months
| 2023 |  | 2022 |  | 2023 |  | 2022
Stock-based compensation awards | 179 |  |  | 17 |  |  | 324 |  |  | 79 |

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