Net Income Per Share

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Net Income Per Share

Net Income Per Share

The following table sets forth the computation of Net Income Per Share for the three-month periods ended March 31, 2023 and 2022 (in millions, except per share data):

	Three Months Ended March 31,
	2023		2022
Numerator for Basic and Diluted Earnings Per Share -
Net Income	$	2,023	$	390
Denominator for Basic Earnings Per Share -
Weighted Average Shares	584		582
Potential Dilutive Common Shares -
Stock Options/SARs/ESPP	1		1
Restricted Stock/Units and Performance Units	2		3
Denominator for Diluted Earnings Per Share -
Adjusted Diluted Weighted Average Shares	587		586
Net Income Per Share
Basic	$	3.46	$	0.67
Diluted	$	3.45	$	0.67

The diluted earnings per share calculation excludes stock option, SAR and ESPP grants that were anti-dilutive. Shares underlying the excluded stock option, SAR and ESPP grants were 1 million and 2 million for the three-month periods ended March 31, 2023 and 2022, respectively.