Per Share Information

3 Months Ended

Mar. 31, 2023

Basic net income (loss), per common share, excludes dilution and is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period. For the three months ended March 31, 2023 and 2022, diluted net income (loss), per common share, is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period, plus any potential dilutive common share equivalents, including shares issuable upon the vesting of restricted stock units ("RSUs") as determined under the treasury stock method.


	Three Months Ended March 31,
		2023		2022
Net income (loss)		$	418	$	421

Weighted-average number of common shares outstanding (in millions):
Basic weighted-average number of common stock outstanding		433		433
Effect of assumed dilution from potential issuance of common shares relating to restricted stock units		1		1
Diluted weighted-average number of common shares outstanding		434		434

Net income (loss), per common share:
Basic		$	0.97	$	0.97
Diluted		$	0.97	$	0.97

Dividends/distributions declared per share of common stock		$	1.565	$	1.470

During the three months ended March 31, 2023, the Company granted one million RSUs to the Company's executives and certain other employees.