EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2024

The following table presents the computation of earnings per share for the three and six months ended June 30, 2024 and 2023:


	For the three months ended June 30,				For the six months ended June 30,
(in millions, except share/per share amounts)	2024		2023		2024		2023
Net income (loss)	$	(608)	$	231	$	(2,143)	$	2,170

Number of common shares:
Weighted average outstanding	1,102,737,261		1,101,167,082		1,102,281,059		1,100,725,127

Effect of issuance of non-vested restricted common stock	—		834,120		—		812,008
Effect of issuance of non-vested restricted units	—		723,580		—		950,178

Weighted average and dilutive outstanding	1,102,737,261		1,102,724,782		1,102,281,059		1,102,487,313

Earnings (loss) per common share
Basic	$	(0.55)	$	0.21	$	(1.94)	$	1.97
Diluted	$	(0.55)	$	0.21	$	(1.94)	$	1.97

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table presents the common stock shares equivalent excluded from the calculation of diluted earnings per share for the three and six months ended June 30, 2024 and 2023, as they would have had an antidilutive effect:


	For the three months ended June 30,		For the six months ended June 30,
	2024	2023	2024	2023
Unexercised stock options	—	820,138	229,819	843,100
Unvested restricted common stock	984,868	66,970	981,419	33,670
Restricted units	2,212,995	1,403,519	3,557,404	2,191,937
Performance units	624,391	752,512	580,268	540,478
Total	3,822,254	3,043,139	5,348,910	3,609,185