Per Share Data

6 Months Ended

Jun. 30, 2023

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 June 30,				Six Months Ended June 30,
(In millions, except per share data)	2023		2022		2023		2022
Net income before non-controlling interests	$	1,047	$	978	$	2,299	$	2,064
Less: Net income attributable to non-controlling interests	12		11		29		26
Net income attributable to the Company	$	1,035	$	967	$	2,270	$	2,038
Basic weighted average common shares outstanding	495		501		495		502
Dilutive effect of potentially issuable common shares	4		5		4		6
Diluted weighted average common shares outstanding	499		506		499		508
Average stock price used to calculate common stock equivalents	$	177.33	$	160.43	$	172.13	$	158.96