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Net Income Attributable to Company Per Share
 6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Net Income Attributable to Company Per Share
13.
Net Income Attributable to Company Per Share

The following table sets forth the computation of weighted average basic and diluted shares outstanding (in millions, except per share data):

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Company

$

155

 

 

$

69

 

 

$

281

 

 

$

19

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Basic—weighted average common shares outstanding

 

393

 

 

 

390

 

 

 

392

 

 

 

389

 

Dilutive effect of employee stock options and other
unvested stock awards

 

2

 

 

 

3

 

 

 

4

 

 

 

3

 

Diluted outstanding shares

 

395

 

 

 

393

 

 

 

396

 

 

 

392

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Company per share:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.39

 

 

$

0.18

 

 

$

0.72

 

 

$

0.05

 

Diluted

$

0.39

 

 

$

0.18

 

 

$

0.71

 

 

$

0.05

 

 

 

 

 

 

 

 

 

 

 

 

Cash dividends per share

$

0.05

 

 

$

0.05

 

 

$

0.10

 

 

$

0.10

 

 

 

Companies with unvested participating securities are required to utilize a two-class method for the computation of net income attributable to Company per share. The two-class method requires a portion of net income attributable to Company to be allocated to participating securities, which are unvested awards of share-based payments with non-forfeitable rights to receive dividends or dividend equivalents if declared. Net income attributable to the Company allocated to these participating securities was immaterial for each of the three and six months ended June 30, 2023 and 2022, respectively.

The Company had stock options outstanding that were anti-dilutive totaling 23 million and 22 million shares for the three and six months ended June 30, 2023, respectively, compared to 20 million and 21 million shares for the three and six months ended June 30, 2022, respectively.