Weighted Average Shares Outstanding (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of Weighted Average Number of Shares

NOTE J – WEIGHTED AVERAGE SHARES OUTSTANDING

	Three Months Ended March 31,
(in millions)	2024	2023
Weighted average shares outstanding — basic	1,468.4	1,435.8
Net effect of common stock equivalents	13.4	10.2
Weighted average shares outstanding - diluted	1,481.7	1,446.0

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following securities were excluded from the calculation of weighted average shares outstanding - diluted because their effect in the periods presented below would have been antidilutive:

	Three Months Ended March 31,
(in millions)	2024	2023
Stock options outstanding(1)	2	3
MCPS(2)	—	24

(1)    Represents stock options outstanding pursuant to our employee stock-based compensation plans with exercise prices that were greater than the average fair market value of our common stock for the related periods.

(2)    Represents common stock issuable upon the conversion of MCPS. Refer to Note I – Stockholders' Equity for additional information.