Earnings Per Share

9 Months Ended

Sep. 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				Nine Months Ended
(in millions, except per share amounts)	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Computation of Basic Earnings Per Share
Net income	$	630	$	220	$	1,685	$	631
Shares for basic earnings per share	324.5		327.3		327.0		327.0
Basic earnings per share	$	1.94	$	0.67	$	5.15	$	1.93
Computation of Diluted Earnings Per Share
Net income	$	630	$	220	$	1,685	$	631
Shares for basic earnings per share	324.5		327.3		327.0		327.0
Effect of dilutive securities
Stock-based compensation	1.2		2.0		1.4		2.1
Shares for diluted earnings per share	325.7		329.3		328.4		329.1
Diluted earnings per share	$	1.94	$	0.67	$	5.13	$	1.92