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EARNINGS PER SHARE | 3 Months Ended
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Mar. 31, 2023
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 March 31, |
Reconciliation of Basic and Diluted EPS |  | 2023 |  | 2022 |
(In millions, except per share amounts) |  |  |  |  |
Earnings attributable to FE |  | $ | 292 |  |  | $ | 288 |  |
Share count information: |  |  |  |  |
Weighted average number of basic shares outstanding |  | 572 |  |  | 570 |  |
Assumed exercise of dilutive stock options and awards |  | 1 |  |  | 1 |  |
Weighted average number of diluted shares outstanding |  | 573 |  |  | 571 |  |
EPS Attributable to FE: |  |  |  |  |
Basic EPS |  | $ | 0.51 |  |  | $ | 0.51 |  |
Diluted EPS |  | $ | 0.51 |  |  | $ | 0.50 |  |
For the three months ended March 31, 2023 and 2022, no shares from stock options and awards were excluded from the calculation of diluted shares outstanding, as their inclusion would have been antidilutive.

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