EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE PG&E Corporation’s basic EPS is calculated by dividing the income available for common shareholders by the weighted average number of common shares outstanding.  PG&E Corporation applies the treasury stock method of reflecting the dilutive effect of outstanding share-based compensation in the calculation of diluted EPS.  The following is a reconciliation of PG&E Corporation’s income available for common shareholders and weighted average common shares outstanding for calculating diluted EPS:

	Three Months Ended March 31,
(in millions, except per share amounts)	2022		2021
Income available for common shareholders	$	475	$	120
Weighted average common shares outstanding, basic	1,986		1,985
Add incremental shares from assumed conversions:
Employee share-based compensation	8		5
Equity Units	140		141
Weighted average common shares outstanding, diluted	2,134		2,131
Total income per common share, diluted	$	0.22	$	0.06