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NET EARNINGS PER SHARE AND SHARE REPURCHASES (Tables)
6 Months Ended
Jun. 30, 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

 

 

YEAR-TO-DATE ENDED

 

SHARES IN THOUSANDS

 

JUNE 2023

 

 

JUNE 2022

 

 

JUNE 2023

 

 

JUNE 2022

 

Weighted average common shares outstanding – basic

 

 

732,021

 

 

 

744,542

 

 

 

732,599

 

 

 

746,017

 

Dilutive potential common shares:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

111

 

 

 

308

 

 

 

124

 

 

 

346

 

Restricted stock units

 

 

20

 

 

 

410

 

 

 

23

 

 

 

415

 

Performance share units

 

 

210

 

 

 

322

 

 

 

215

 

 

 

416

 

Total effect of outstanding dilutive potential common shares

 

 

341

 

 

 

1,040

 

 

 

362

 

 

 

1,177

 

Weighted average common shares outstanding – dilutive

 

 

732,362

 

 

 

745,582

 

 

 

732,961

 

 

 

747,194

 

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

 

 

YEAR-TO-DATE ENDED

 

SHARES IN THOUSANDS

 

JUNE 2023

 

 

JUNE 2022

 

 

JUNE 2023

 

 

JUNE 2022

 

Stock options

 

 

787

 

 

 

 

 

 

787

 

 

 

 

Performance share units

 

 

682

 

 

 

573

 

 

 

682

 

 

 

573