EARNINGS PER SHARE INFORMATION

6 Months Ended

Jun. 30, 2023

NOTE 18. EARNINGS PER SHARE INFORMATION


Three months ended June 30	2023				2022
(Earnings for per-share calculation, shares in millions, per-share amounts in dollars)	Diluted		Basic		Diluted		Basic
Earnings (loss) from continuing operations	$	1,054	$	1,054	$	(1,133)	$	(1,133)
Preferred stock dividends and other	(58)		(58)		(67)		(67)

Earnings (loss) from continuing operations attributable to common shareholders	996		996		(1,201)		(1,201)
Earnings (loss) from discontinued operations	(1,019)		(1,019)		252		252
Net earnings (loss) attributable to GE common shareholders	(23)		(23)		(949)		(949)

Shares of GE common stock outstanding	1,089		1,089		1,099		1,099
Employee compensation-related shares (including stock options)	10		—		—		—
Total average equivalent shares	1,098		1,089		1,099		1,099

Earnings (loss) per share from continuing operations	$	0.91	$	0.91	$	(1.09)	$	(1.09)
Earnings (loss) per share from discontinued operations	(0.93)		(0.94)		0.23		0.23
Net earnings (loss) per share	(0.02)		(0.02)		(0.86)		(0.86)

Potentially dilutive securities(b)	28				51


Six months ended June 30	2023				2022
(Earnings for per-share calculation, shares in millions, per-share amounts in dollars)	Diluted		Basic		Diluted		Basic
Earnings (loss) from continuing operations	$	7,295	$	7,302	$	(2,357)	$	(2,357)
Preferred stock dividends and other(a)	(204)		(204)		(119)		(119)

Earnings (loss) from continuing operations attributable to common shareholders	7,091		7,098		(2,476)		(2,476)
Earnings (loss) from discontinued operations	238		238		339		339
Net earnings (loss) attributable to GE common shareholders	7,329		7,336		(2,137)		(2,137)

Shares of GE common stock outstanding	1,089		1,089		1,099		1,099
Employee compensation-related shares (including stock options)	9		—		—		—
Total average equivalent shares	1,097		1,089		1,099		1,099

Earnings (loss) per share from continuing operations	$	6.46	$	6.52	$	(2.25)	$	(2.25)
Earnings (loss) per share from discontinued operations	0.22		0.22		0.31		0.31
Net earnings (loss) per share	6.68		6.74		(1.94)		(1.94)

Potentially dilutive securities(b)	33				46

(a) For the six months ended June 30, 2023, included $(30) million related to excise tax on preferred share redemption.

(b) Outstanding stock awards not included in the computation of diluted earnings (loss) per share because their effect was antidilutive.

Our unvested restricted stock unit awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities and, therefore, are included in the computation of earnings per share pursuant to the two-class method. For the three and six months ended June 30, 2023, application of this treatment had an insignificant effect. For the three and six months ended June 30, 2022, as a result of the loss from continuing operations, losses were not allocated to the participating securities.