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Earnings per Share | 12 Months Ended
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Dec. 31, 2023
Earnings per share [abstract] |
Earnings per Share | Earnings per Share Basic earnings per share (EPS) is calculated by dividing the profit for the year attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year. Diluted EPS is calculated by dividing the profit attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year, plus the weighted average number of ordinary shares that would be issued on conversion of all the dilutive potential ordinary shares into ordinary shares. The following table reflects the income and share data used in the basic and diluted EPS calculations:
|  |  | Years ended December 31,
(in millions €, except per share data) |  |  |  | 2023 | 2022 | 2021
Profit attributable to ordinary equity holders of the parent for basic earnings |  |  |  | 930.3 | 9,434.4 | 10,292.5
Weighted average number of ordinary shares outstanding for basic EPS |  |  |  | 240.6 | 243.3 | 244.0
Effects of dilution from share options |  |  |  | 2.1 | 6.5 | 15.7
Weighted average number of ordinary shares outstanding adjusted for the effect of dilution |  |  |  | 242.7 | 249.8 | 259.7
Earnings per share |  |  |  |  |  |
Basic earnings for the period per share |  |  |  | 3.87 | 38.78 | 42.18
Diluted earnings for the period per share |  |  |  | 3.83 | 37.77 | 39.63

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