XML 23 R12.htm IDEA: XBRL DOCUMENT
v3.22.2

Earnings Per Share | 6 Months Ended
--- | ---
Jun. 30, 2022
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE EPS is calculated by dividing earnings attributable to FE by the weighted average number of common shares outstanding. Basic EPS is computed using the weighted average number of common shares outstanding during the relevant period as the denominator. The denominator for diluted EPS of common stock reflects the weighted average of common shares outstanding plus the potential additional common shares that could result if dilutive securities and other agreements to issue common stock were exercised. Diluted EPS reflects the dilutive effect of potential common shares from share-based awards. The dilutive effect of outstanding share-based awards was computed using the treasury stock method, which assumes any proceeds that could be obtained upon the exercise of the award would be used to purchase common stock at the average market price for the period. The following table reconciles basic and diluted EPS attributable to FE:
|  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
Reconciliation of Basic and Diluted EPS |  | 2022 |  | 2021 |  | 2022 |  | 2021
(In millions, except per share amounts) |  |  |  |  |  |  |  |
Earnings attributable to FE |  | $ | 187 |  |  | $ | 58 |  |  | $ | 475 |  |  | $ | 393 |
Share count information: |  |  |  |  |  |  |  |
Weighted average number of basic shares outstanding |  | 571 |  |  | 544 |  |  | 571 |  |  | 544 |
Assumed exercise of dilutive stock options and awards |  | 1 |  |  | 1 |  |  | 1 |  |  | 1 |
Weighted average number of diluted shares outstanding |  | $ | 572 |  |  | $ | 545 |  |  | $ | 572 |  |  | $ | 545 |
EPS Attributable to FE: |  |  |  |  |  |  |  |
Basic EPS |  | $ | 0.33 |  |  | $ | 0.11 |  |  | $ | 0.83 |  |  | $ | 0.72 |
Diluted EPS |  | $ | 0.33 |  |  | $ | 0.11 |  |  | $ | 0.83 |  |  | $ | 0.72 |
For the three and six months ended June 30, 2022 and 2021, no shares from stock options and awards were excluded from the calculation of diluted shares outstanding, as their inclusion would have been antidilutive.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration