Per Share Information

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Per Share Information

Per Share InformationBasic 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 and nine months ended September 30, 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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Net income (loss)	$	265	$	419	$	1,139	$	1,261
Weighted-average number of common shares outstanding (in millions):
Basic weighted-average number of common stock outstanding	434		433		434		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		434		434
Net income (loss), per common share:
Basic	$	0.61	$	0.97	$	2.63	$	2.91
Diluted	$	0.61	$	0.97	$	2.63	$	2.91
Dividends/distributions declared per share of common stock	$	1.565	$	1.470	$	4.695	$	4.410

During the nine months ended September 30, 2023, the Company granted two million RSUs to the Company's executives and certain other employees.