v3.25.0.1
Net Income (Loss) Per Share
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
Basic net income (loss) per share is computed by dividing net income (loss) for the period by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share is computed by dividing net income (loss) 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 (loss) per share by application of the treasury stock method. The calculation of diluted net income (loss) per share excludes all anti-dilutive common shares.

The following table presents the computation of basic and diluted net income (loss) per share (in millions, except per share amounts):
 Year Ended December 31,
 202420232022
Numerator:
Income (loss) from continuing operations$1,981 $2,775 $(1,274)
Income (loss) from discontinued operations, net of income taxes
(6)(8)5 
Net income (loss)$1,975 $2,767 $(1,269)
Denominator:
Weighted average shares of common stock - basic496 530 558 
Dilutive effect of equity incentive awards5 3 — 
Weighted average shares of common stock - diluted501 533 558 
Income (loss) per share - basic:
Continuing operations$4.00 $5.24 $(2.28)
Discontinued operations(0.01)(0.02)0.01 
Net income (loss) per share - basic$3.99 $5.22 $(2.27)
Income (loss) per share - diluted:
Continuing operations$3.95 $5.21 $(2.28)
Discontinued operations(0.01)(0.02)0.01 
Net income (loss) per share - diluted$3.94 $5.19 $(2.27)
Common stock equivalents excluded from income (loss) per diluted share because their effect would have been anti-dilutive4 20 13