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NET EARNINGS PER SHARE AND SHARE REPURCHASES (Tables)
9 Months Ended
Sep. 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

 

SEPTEMBER 2023

 

 

SEPTEMBER 2022

 

 

SEPTEMBER 2023

 

 

SEPTEMBER 2022

 

Weighted average common shares outstanding – basic

 

 

731,046

 

 

 

740,058

 

 

 

732,069

 

 

 

743,990

 

Dilutive potential common shares:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

154

 

 

 

192

 

 

 

134

 

 

 

294

 

Restricted stock units

 

 

304

 

 

 

420

 

 

 

117

 

 

 

417

 

Performance share units

 

 

238

 

 

 

305

 

 

 

222

 

 

 

380

 

Total effect of outstanding dilutive potential common shares

 

 

696

 

 

 

917

 

 

 

473

 

 

 

1,091

 

Weighted average common shares outstanding – dilutive

 

 

731,742

 

 

 

740,975

 

 

 

732,542

 

 

 

745,081

 

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

 

SEPTEMBER 2023

 

 

SEPTEMBER 2022

 

 

SEPTEMBER 2023

 

 

SEPTEMBER 2022

 

Stock options

 

 

609

 

 

 

620

 

 

 

609

 

 

 

620

 

Performance share units

 

 

612

 

 

 

623

 

 

 

612

 

 

 

623