Income (loss) and Dividends per Common Share

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Income (loss) and Dividends per Common Share

Income (loss) and Dividends per Common ShareBasic income (loss) per share is based on the weighted average number of common shares outstanding. Diluted income (loss) per share assumes exercise of stock options in all periods, provided the effect is not antidilutive. The per share calculations below exclude 2 million, 4 million and 7 million stock options for 2022, 2021 and 2020 that were antidilutive.

	Year Ended December 31,
(In millions, except per share data)	2022		2021		2020
Net income (loss)	$	3,612	$	946	$	(1,451)
Weighted average common shares outstanding	685		787		792
Effect of dilutive securities	2		1		—
Weighted average common shares, diluted	687		788		792
Net income (loss) per share:
Basic	$	5.27	$	1.20	$	(1.83)
Diluted	$	5.26	$	1.20	$	(1.83)
Dividends per share	$	0.32	$	0.18	$	0.08