Earnings per share

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Earnings per share

Earnings per share

	Three Months Ended				Nine Months Ended
	September 30				September 30
(in millions of U.S. dollars, except share and per share data)	2022		2021		2022		2021
Numerator:
Net income	$	812	$	1,833	$	4,001	$	6,398
Denominator:
Denominator for basic earnings per share:
Weighted-average shares outstanding	416,542,101		435,318,088		421,290,032		443,595,026
Denominator for diluted earnings per share:
Share-based compensation plans	3,076,855		3,123,550		3,733,449		3,032,989
Weighted-average shares outstanding and assumed conversions	419,618,956		438,441,638		425,023,481		446,628,015
Basic earnings per share	$	1.95	$	4.21	$	9.50	$	14.42
Diluted earnings per share	$	1.94	$	4.18	$	9.41	$	14.33
Potential anti-dilutive share conversions	1,693,502		1,758,853		1,377,784		1,439,882

Excluded from weighted-average shares outstanding and assumed conversions is the impact of securities that would have been anti-dilutive during the respective periods. These securities consisted of stock options in which the underlying exercise prices were greater than the average market prices of our Common Shares. Refer to Note 12 to the Consolidated Financial Statements of our 2021 Form 10-K for additional information on stock options.