Net Income Per Share

6 Months Ended

Jun. 30, 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 and six-month periods ended June 30, 2023 and 2022 (in millions, except per share data):

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Numerator for Basic and Diluted Earnings Per Share -
Net Income	$	1,553	$	2,238	$	3,576	$	2,628
Denominator for Basic Earnings Per Share -
Weighted Average Shares	580		583		582		582
Potential Dilutive Common Shares -
Stock Options/SARs/ESPP	1		2		1		2
Restricted Stock/Units and Performance Units	3		3		3		3
Denominator for Diluted Earnings Per Share -
Adjusted Diluted Weighted Average Shares	584		588		586		587
Net Income Per Share
Basic	$	2.68	$	3.84	$	6.14	$	4.52
Diluted	$	2.66	$	3.81	$	6.10	$	4.48

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 for both the three-month periods ended June 30, 2023 and 2022, and 1 million for both the six-month periods ended June 30, 2023 and 2022.