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NET EARNINGS PER SHARE AND SHARE REPURCHASES (Tables)
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Dilutive Potential Common Shares Diluted earnings per share is net earnings divided by the sum of the weighted average number of our outstanding common shares and the effect of our outstanding dilutive potential common shares.

 

 

 

QUARTER ENDED

 

SHARES IN THOUSANDS

 

MARCH 2023

 

 

MARCH 2022

 

Weighted average common shares outstanding – basic

 

 

733,163

 

 

 

747,507

 

Dilutive potential common shares:

 

 

 

 

 

 

Stock options

 

 

137

 

 

 

384

 

Restricted stock units

 

 

27

 

 

 

420

 

Performance share units

 

 

219

 

 

 

512

 

Total effect of outstanding dilutive potential common shares

 

 

383

 

 

 

1,316

 

Weighted average common shares outstanding – dilutive

 

 

733,546

 

 

 

748,823

 

Potential Shares Not Included in the Computation of Diluted Earnings per Share

The following shares were not included in the computation of diluted earnings per share because they were either antidilutive or the required performance or market conditions were not met. Some or all of these shares may be dilutive potential common shares in future periods.

 

 

 

QUARTER ENDED

 

SHARES IN THOUSANDS

 

MARCH 2023

 

 

MARCH 2022

 

Stock options

 

 

610

 

 

 

 

Performance share units

 

 

860

 

 

 

693