Earnings per Share

3 Months Ended

Mar. 31, 2024

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,
	2024		2023
	(in millions, except per share amounts)
Numerator:
Net income	$	990	$	417
Denominator:
Basic: Weighted-average common shares outstanding	102.8		107.9
Effect of potentially dilutive nonqualified stock options and other share-based awards	1.8		2.1
Diluted: Weighted-average common shares outstanding	104.6		110.0
Earnings per share:
Basic	$	9.63	$	3.86
Diluted	$	9.46	$	3.79

The calculation of diluted earnings per share excludes the incremental effect of nil and 0.3 million options for the three months ended March 31, 2024 and 2023, respectively, due to their anti-dilutive effect.