Per Share Data

9 Months Ended

Sep. 30, 2022

Basic net income per share attributable to the Company is calculated by dividing the after-tax income attributable to the Company by the weighted average number of outstanding shares of the Company’s common stock.

Diluted net income per share attributable to the Company is calculated by dividing the after-tax income attributable to the Company by the weighted average number of outstanding shares of the Company’s common stock, which have been adjusted for the dilutive effect of potentially issuable common shares.


Basic and Diluted EPS Calculation	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions, except per share data)	2022		2021		2022		2021
Net income before non-controlling interests	$	552	$	542	$	2,616	$	2,367
Less: Net income attributable to non-controlling interests	6		5		32		27
Net income attributable to the Company	$	546	$	537	$	2,584	$	2,340
Basic weighted average common shares outstanding	498		506		501		508
Dilutive effect of potentially issuable common shares	5		7		5		5
Diluted weighted average common shares outstanding	503		513		506		513
Average stock price used to calculate common stock equivalents	$	160.14	$	151.22	$	159.35	$	133.41