Per Share Data

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Per Share Data

Per Share Data

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)	2024		2023		2024		2023
Net income before non-controlling interests	$	1,140	$	1,047	$	2,564	$	2,299
Less: Net income attributable to non-controlling interests	15		12		39		29
Net income attributable to the Company	$	1,125	$	1,035	$	2,525	$	2,270
Basic weighted average common shares outstanding	492		495		492		495
Dilutive effect of potentially issuable common shares	4		4		5		4
Diluted weighted average common shares outstanding	496		499		497		499
Average stock price used to calculate common stock equivalents	$	205.67	$	177.33	$	202.53	$	172.13