Computation of Basic/Diluted Earnings Per Common Share

3 Months Ended

Mar. 31, 2023

12. 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 March 31,
		2023		2022
Numerator:
Consolidated net income		$	740	$	395




Denominator:
Denominator for basic earnings per common share—weighted-average common shares outstanding		785		780
Effect of dilutive stock options and awards under the treasury stock method		7		6
Denominator for diluted earnings per common share—weighted-average common shares outstanding plus dilutive common shares under the treasury stock method		792		786

Basic earnings per common share		$	0.94	$	0.51
Diluted earnings per common share		$	0.93	$	0.50