Earnings Per Share

3 Months Ended

Mar. 31, 2024

The components of basic and diluted earnings per share (“EPS”) for common shares were as follows:


	Three Months Ended March 31,
		2024		2023
		(in millions, except per share data)
Numerator
Net income		$	3,011	$	2,361
Denominator
Basic weighted-average shares outstanding		933		953
Dilutive stock options and stock units		2		3
Diluted weighted-average shares outstanding 1		935		956
Earnings per Share
Basic		$	3.23	$	2.48
Diluted		$	3.22	$	2.47

Note: Table may not sum due to rounding.

1 For the periods presented, the calculation of diluted EPS excluded a minimal amount of anti-dilutive share-based payment awards.