EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2022

16. EARNINGS PER SHARE:

The following table reconciles income ("numerator") and shares ("denominator") used in our computations of earnings per share for the years ended December 31, 2022, 2021, and 2020 (in millions, except share amounts which are reflected in thousands):


	2022		2021		2020
Income ("Numerator")
Net income (loss)	$	2,701	$	(326)	$	(2,429)
Net income attributable to the redeemable noncontrolling interests	(20)		(18)		(56)
Net (income) loss attributable to the noncontrolling interests	(29)		(70)		71
Numerator for basic and diluted earnings per common share available to common shareholders	$	2,652	$	(414)	$	(2,414)

Shares ("Denominator")
Basic weighted-average common shares outstanding	70,653		75,050		79,924
Dilutive effect of stock settled appreciation rights and outstanding stock options	3		—		—
Diluted weighted-average common and common equivalent shares outstanding	70,656		75,050		79,924

The net earnings per share amounts are the same for Class A and Class B Common Stock because the holders of each class are legally entitled to equal per share distributions whether through dividends or in liquidation.

The following table shows the weighted-average stock-settled appreciation rights and outstanding stock options (in thousands) that are excluded from the calculation of diluted earnings per common share as the inclusion of such shares would be anti-dilutive.


	2022	2021	2020
Weighted-average stock-settled appreciation rights and outstanding stock options excluded	3,370	1,973	3,288