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Net Income Per Share
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income Per Share
Basic net income per share is computed by dividing net income for the period by the weighted average number of shares of common stock outstanding during the period. Diluted net income per share is computed by dividing net income for the period by the weighted average number of shares of common stock and potentially dilutive common stock outstanding during the period. The dilutive effect of outstanding options and equity incentive awards is reflected in diluted net income per share by application of the treasury stock method. The calculation of diluted net income per share excludes all anti-dilutive shares of common stock.

The following table presents the computation of basic and diluted net income per share for the periods indicated (in millions, except per share amounts):
 Three Months Ended
June 30,
Six Months Ended
June 30,
 2024202320242023
Numerator:
Income from continuing operations
$226 $172 $665 $741 
Loss from discontinued operations, net of income taxes
(2)(1)(3)(3)
Net income
$224 $171 $662 $738 
Denominator:
Weighted average shares of common stock - basic503 534 509 536 
Dilutive effect of equity incentive awards4 3 4 3 
Weighted average shares of common stock - diluted507 537 513 539 
Income per share - basic:
Continuing operations$0.45 $0.32 $1.31 $1.38 
Discontinued operations— — (0.01)(0.01)
Net income per share - basic
$0.45 $0.32 $1.30 $1.37 
Income per share - diluted:
Continuing operations$0.45 $0.32 $1.30 $1.37 
Discontinued operations— — (0.01)(0.01)
Net income per share - diluted
$0.45 $0.32 $1.29 $1.36 
Common stock equivalents excluded from income per diluted share because their effect would have been anti-dilutive
13 12 15 12