Net Income (Loss) Per Share

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

Net Income (Loss) Per Share

The following table sets forth the computation of Net Income (Loss) Per Share for the years ended December 31, 2022, 2021 and 2020 (in millions, except per share data):

	2022		2021		2020
Numerator for Basic and Diluted Earnings per Share -
Net Income (Loss)	$	7,759	$	4,664	$	(605)
Denominator for Basic Earnings per Share -
Weighted Average Shares	583		581		579
Potential Dilutive Common Shares -
Stock Options/SARs	2		—		—
Restricted Stock/Units and Performance Units	2		3		—
Denominator for Diluted Earnings per Share -
Adjusted Diluted Weighted Average Shares	587		584		579
Net Income (Loss) Per Share
Basic	$	13.31	$	8.03	$	(1.04)
Diluted	$	13.22	$	7.99	$	(1.04)

The diluted earnings per share calculation excludes stock option, SAR, restricted stock, restricted stock unit, Performance Unit and ESPP grants that were anti-dilutive.  Shares underlying the excluded stock option, SAR and ESPP grants were 1 million, 6 million and 10 million for the years ended December 31, 2022, 2021 and 2020, respectively. For the year ended December 31, 2020, 5 million shares underlying grants of restricted stock, restricted stock units and Performance Units were excluded.