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Earnings per Share (Tables) | 12 Months Ended
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Dec. 31, 2022
Notes to Consolidated Financial Statements [Abstract] |
Schedule of basic earnings per share | Calculation of the basic earnings per share for the year ended December 31, 2022, is based on the earnings allocated to the holders of the ordinary shares divided by the weighted-average number of ordinary shares outstanding, calculated as follows:
| For the year ended December 31
| 2022 | 2021 | 2020
| $ millions | $ millions | $ millions
Earnings attributed to the shareholders of the Company | 2,159 | 783 | 11
Schedule of weighted average number of ordinary shares |
Weighted-average number of ordinary shares in thousands: |
| For the year ended December 31
| 2022 | 2021 | 2020
| Shares thousands | Shares thousands | Shares thousands
Balance as of January 1 | 1,285,585 | 1,280,242 | 1,279,379
Shares issued during the year | - | 223 | 29
Shares vested | 1,719 | 2,342 | 618
Weighted average number of ordinary shares used in computation of the basic earnings per share | 1,287,304 | 1,282,807 | 1,280,026
Schedule of weighted average number of ordinary shares diluted | Weighted average number of ordinary shares (diluted) in thousands:
| For the year ended December 31
| 2022 | 2021 | 2020
| Shares thousands | Shares thousands | Shares thousands
Weighted average number of ordinary shares used in the computation of the basic earnings per share | 1,287,304 | 1,282,807 | 1,280,026
Effect of stock options and restricted shares | 2,643 | 4,244 | 247
Weighted average number of ordinary shares used in the computation of the diluted earnings per share | 1,289,947 | 1,287,051 | 1,280,273
* As of December 31, 2022, the outstanding options in the amount of 7 million, representing 2.6 million shares, were included in the diluted weighted average number of ordinary shares calculation. As of December 31, 2021, all 12 million outstanding options were included. As of December 31, 2020, 27 million options, were not included since they did not have a diluting effect.

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