Earnings per Share

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

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

	Three Months Ended March 31,
	2023		2022
	(in millions, except per share amounts)
Numerator:
Net income	$	417	$	825
Denominator:
Basic: Weighted-average common shares outstanding	107.9		113.7
Effect of potentially dilutive nonqualified stock options and other share-based awards	2.1		2.5
Diluted: Weighted-average common shares outstanding	110.0		116.2
Earnings per share:
Basic	$	3.86	$	7.26
Diluted	$	3.79	$	7.10

The calculation of diluted earnings per share excludes the incremental effect of 0.3 million and 0.2 million options for the three months ended March 31, 2023 and 2022, respectively, due to their anti-dilutive effect.