Earnings per Share

9 Months Ended

Sep. 30, 2023

Earnings Per Share Reconciliation [Abstract]

Earnings per Share

EARNINGS PER SHARE

The following is a reconciliation of the income and share data used in the basic and diluted earnings per share computations for the periods presented:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions, except per share amounts)	2023		2022		2023		2022
Basic and Diluted
Net income, as reported	$	404	$	454	$	1,365	$	2,023
Participating share-based awards — allocated income	(3)		(4)		(10)		(15)
Net income available to common shareholders — basic and diluted	$	401	$	450	$	1,355	$	2,008
Common Shares
Basic
Weighted average shares outstanding	228.8		235.4		230.0		238.3
Diluted
Weighted average shares outstanding	228.8		235.4		230.0		238.3
Weighted average effects of dilutive securities — stock options and performance shares	2.3		2.5		2.5		2.6
Total	231.1		237.9		232.5		240.9
Net Income per Common Share
Basic	$	1.75	$	1.91	$	5.89	$	8.43
Diluted	$	1.74	$	1.89	$	5.83	$	8.34