Income per Share

12 Months Ended

Dec. 31, 2022

Basic income or loss per share is based on the weighted average number of common shares outstanding during the period. Diluted income per share includes additional common shares that would have been outstanding if potential common shares with a dilutive effect had been issued. Antidilutive securities represent potentially dilutive securities which are excluded from the computation of diluted income or loss per share as their impact was antidilutive.

A reconciliation of the number of shares used for the basic and diluted income per share computations is as follows:


	Year Ended December 31
Millions of shares	2022	2021	2020
Basic weighted average common shares outstanding	904	892	881
Dilutive effect of awards granted under our stock incentive plans	4	—	—
Diluted weighted average common shares outstanding	908	892	881
Antidilutive shares:
Options with exercise price greater than the average market price	15	22	27
Options which are antidilutive due to net loss position	—	—	1
Total antidilutive shares	15	22	28