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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Reconciliation of the Earnings and Number of Shares Used in Calculations of Basic and Diluted Earnings Per Share
The table below illustrates the reconciliation of the earnings and number of shares used in our calculations of basic and diluted earnings per share, the latter of which uses the treasury stock method to calculate the dilutive effect of the Company’s potential common stock:
Three Months Ended
(in millions, except per share amounts)March 31, 2024March 31, 2023
Computation of Basic Earnings Per Share
Net income$564 $757 
Shares for basic earnings per share290.4 309.6 
Basic earnings per share$1.94 $2.44 
Computation of Diluted Earnings Per Share
Net income$564 $757 
Shares for basic earnings per share290.4 309.6 
Effect of dilutive securities
Stock-based compensation1.2 1.4 
Shares for diluted earnings per share291.6 311.0 
Diluted earnings per share$1.93 $2.43