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Net Income Per Share | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
NET INCOME PER SHARE | NET INCOME PER SHARE The following table sets forth the computation of basic and diluted net income per share (in millions, except per share amounts). Basic net income per share is calculated by dividing net income by the weighted average of shares outstanding during the period. Diluted net income per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the three and six months ended June 30, 2024 and 2023, an immaterial number of shares related to the Company's restricted stock units and stock warrants, were excluded from the denominator because inclusion of such shares would be antidilutive. The Company paid $6 million during June 2024 to repurchase and cancel its outstanding stock warrants, previously issued in connection with the Payroll Support Program.
| Three months ended June 30, |  | Six months ended June 30, |
| 2024 |  | 2023 |  | 2024 |  | 2023 |
NUMERATOR: |  |  |  |  |  |  |  |
Net income | $ | 367 |  |  | $ | 683 |  |  | $ | 137 |  |  | $ | 524 |  |
Add: Interest expense | 5 |  |  | 5 |  |  | 9 |  |  | 10 |  |
Net income attributable to common stockholders | $ | 372 |  |  | $ | 688 |  |  | $ | 146 |  |  | $ | 534 |  |
DENOMINATOR: |  |  |  |  |  |  |  |
Weighted-average shares outstanding, basic | 599 |  |  | 595 |  |  | 598 |  |  | 595 |  |
Dilutive effects of Convertible Notes | 43 |  |  | 42 |  |  | 43 |  |  | 42 |  |
Dilutive effect of restricted stock units | 1 |  |  | 2 |  |  | 2 |  |  | 2 |  |
Adjusted weighted-average shares outstanding, diluted | 643 |  |  | 639 |  |  | 643 |  |  | 639 |  |
NET INCOME PER SHARE: |  |  |  |  |  |  |  |
Basic | $ | 0.61 |  |  | $ | 1.15 |  |  | $ | 0.23 |  |  | $ | 0.88 |  |
Diluted | $ | 0.58 |  |  | $ | 1.08 |  |  | $ | 0.23 |  |  | $ | 0.84 |  |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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