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Earnings Per Common Share
12 Months Ended
Dec. 31, 2022
Earnings Per Common Share  
Earnings Per Common Share

20. Earnings Per Common Share

The computations of the basic and diluted per share amounts were as follows:

For the year ended December 31, 

 

    

2022

    

2021

    

2020

 

(in millions, except per share data)

 

Net income

$

4,852.2

$

1,757.4

$

1,428.5

Subtract:

Net income attributable to noncontrolling interest

40.6

 

46.8

 

32.7

Total

$

4,811.6

$

1,710.6

$

1,395.8

Weighted-average shares outstanding:

Basic

251.1

 

269.0

 

274.7

Dilutive effects:

Stock options

1.5

 

1.3

 

0.3

Restricted stock units

2.2

 

2.1

 

1.5

Performance share awards

0.5

 

0.5

 

0.1

Diluted

255.3

 

272.9

 

276.6

Net income per common share:

Basic

$

19.16

$

6.36

$

5.08

Diluted

$

18.85

$

6.27

$

5.05

The calculation of diluted earnings per share for the years ended December 31, 2022, 2021 and 2020, excludes the incremental effect related to certain outstanding stock-based compensation grants due to their anti-dilutive effect.