Earnings per Share

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

The computations of basic and diluted earnings per share is as follows:

	Three Months Ended March 31,
	2022		2021
	(in millions, except per share amounts)
Numerator:
Net income	$	761	$	437
Denominator:
Basic: Weighted-average common shares outstanding	113.7		119.8
Effect of potentially dilutive nonqualified stock options and other share-based awards	2.5		2.4
Diluted: Weighted-average common shares outstanding	116.2		122.2
Earnings per share:
Basic	$	6.69	$	3.65
Diluted	$	6.55	$	3.58

The calculation of diluted earnings per share excludes the incremental effect of 0.2 million and 0.3 million options as of March 31, 2022 and 2021 respectively, due to their anti-dilutive effect.