Earnings Per Share

6 Months Ended

Jun. 30, 2022

EARNINGS PER SHARE

The table below presents the reconciliation of the earnings and number of shares used in our calculations of basic and diluted earnings per share:


	Three Months Ended				Six Months Ended
(in millions, except per share amounts)	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Computation of Basic Earnings Per Share
Net income	$	678	$	422	$	1,055	$	411
Shares for basic earnings per share	328.2		327.1		328.3		326.9
Basic earnings per share	$	2.06	$	1.29	$	3.21	$	1.26
Computation of Diluted Earnings Per Share
Net income	$	678	$	422	$	1,055	$	411
Shares for basic earnings per share	328.2		327.1		328.3		326.9
Effect of dilutive securities
Stock-based compensation	1.3		2.0		1.5		2.1
Shares for diluted earnings per share	329.5		329.1		329.8		329.0
Diluted earnings per share	$	2.06	$	1.28	$	3.20	$	1.25