Computation of Basic/Diluted Earnings Per Common Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Computation of Basic/Diluted Earnings Per Common Share

14. Computation of Basic/Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share (amounts in millions, except per share data):

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2022		2021		2022		2021
Numerator:
Consolidated net income	$	280	$	876	$	675	$	1,496
Denominator:
Denominator for basic earnings per common share—weighted-average common shares outstanding	782		777		781		776
Effect of dilutive stock options and awards under the treasury stock method	6		6		6		8
Denominator for diluted earnings per common share—weighted-average common shares outstanding plus dilutive common shares under the treasury stock method	788		783		787		784
Basic earnings per common share	$	0.36	$	1.13	$	0.86	$	1.93
Diluted earnings per common share	$	0.36	$	1.12	$	0.86	$	1.91

The vesting of certain of our employee-related restricted stock units is contingent upon the satisfaction of predefined performance measures. The shares underlying these equity awards are included in the weighted-average dilutive common shares only if the performance measures are met as of the end of the reporting period. Additionally, potential common shares are not included in the denominator of the diluted earnings per common share calculation when the inclusion of such shares would be anti-dilutive.

Weighted-average shares excluded from the computation of diluted earnings per share were as follows (amounts in millions):

	For the Three Months Ended June 30,		For the Six Months Ended June 30,
	2022	2021	2022	2021
Restricted stock units with performance measures not yet met	3	3	3	3
Anti-dilutive employee stock options	2	2	2	2