Earnings Per Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The components of basic and diluted earnings per share (“EPS”) for common shares were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(in millions, except per share data)
Numerator
Net income	$	2,275	$	2,066	$	4,906	$	3,894
Denominator
Basic weighted-average shares outstanding	971		990		974		992
Dilutive stock options and stock units	3		4		3		4
Diluted weighted-average shares outstanding 1	974		994		977		996
Earnings per Share
Basic	$	2.34	$	2.09	$	5.04	$	3.93
Diluted	$	2.34	$	2.08	$	5.02	$	3.91

Note: Table may not sum due to rounding.

1    For the periods presented, the calculation of diluted EPS excluded a minimal amount of anti-dilutive share-based payment awards.