Computation of Basic/Diluted Earnings Per Common Share

12 Months Ended

Dec. 31, 2022

20. 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 Years Ended December 31,
		2022		2021		2020
Numerator:
Consolidated net income		$	1,513	$	2,699	$	2,197




Denominator:
Denominator for basic earnings per common share—weighted-average common shares outstanding		782		777		771
Effect of dilutive stock options and awards under the treasury stock method		7		7		7
Denominator for diluted earnings per common share—weighted-average common shares outstanding plus dilutive common shares under the treasury stock method		789		784		778

Basic earnings per common share		$	1.94	$	3.47	$	2.85
Diluted earnings per common share		$	1.92	$	3.44	$	2.82