v3.24.3
Earnings per Share
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Earnings per Share Earnings per Share
Basic earnings per share (“EPS”) is computed by dividing net income available to common stockholders by the weighted-average number of shares of common stock outstanding for the period. Diluted EPS is similarly calculated, except that the shares of common stock outstanding for the period is increased using the treasury stock and as-if converted methods to reflect the potential dilution that could occur if outstanding stock awards were vested or exercised at the end of the applicable period. Anti-dilutive shares represent potentially dilutive securities that are excluded from the computation of diluted income or loss per share as their impact would be anti-dilutive.
The following is a calculation of basic and diluted net earnings per share under the two-class method:
Three Months Ended 
September 30,		Nine Months Ended 
September 30,
(In millions, except per share amounts)2024202320242023
Income (Numerator)
Net income$252 $323 $824 $1,209 
Less: dividends attributable to participating securities(1)(1)(2)(4)
Net income available to common stockholders$251 $322 $822 $1,205 
Shares (Denominator)
Weighted average shares - Basic738 753 743 757 
Dilution effect of stock awards at end of period6 5 6 5 
Weighted average shares - Diluted744 758 749 762 
Earnings per share
Basic$0.34 $0.43 $1.11 $1.59 
Diluted$0.34 $0.42 $1.10 $1.58 
The following is a calculation of weighted-average shares excluded from diluted EPS due to the anti-dilutive effect:
Three Months Ended 
September 30,		Nine Months Ended 
September 30,
(In millions)2024202320242023
Weighted-average stock awards excluded from diluted EPS due to the anti-dilutive effect calculated using the treasury stock method— 1 — 1