Net Income Per Share

6 Months Ended

Jun. 30, 2023

The following table sets forth the computation of basic and diluted net income per share (in millions except per share amounts). Basic net income per share is calculated by dividing net income by the weighted average of shares outstanding during the period. Diluted net income per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the three and six months ended June 30, 2023 and 2022, an immaterial number of shares related to the Company's restricted stock units and stock warrants were excluded from the denominator because inclusion of such shares would be antidilutive.


	Three months ended June 30,				Six months ended June 30,
	2023		2022		2023			2022
NUMERATOR:
Net income	$	683	$	760	$	524		$	482
Add: Interest expense	5		4		10			8
Net income attributable to common stockholders	688		764		534			490

DENOMINATOR:
Weighted-average shares outstanding, basic	595		593		595			593
Dilutive effects of Convertible Notes	42		41		42		(a)	46

Dilutive effect of restricted stock units	2		1		2			1
Adjusted weighted-average shares outstanding, diluted	639		635		639			640

NET INCOME PER SHARE:



Basic	$	1.15	$	1.29	$	0.88		$	0.83
Diluted	$	1.08	$	1.20	$	0.84		$	0.77