Earnings per Share Basic earnings per share (“EPS”) is computed using the weighted average number of shares of common stock outstanding during the period. Diluted EPS reflects the incremental shares issuable upon the assumed exercise of stock options and equity awards. The following table reflects the calculation of basic and diluted EPS:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | (in millions, except per-share amounts) | | December 31, 2022 | | December 31, 2021 | | December 31, 2022 | | December 31, 2021 | Net income attributable to DXC common stockholders: | | $ | 59 | | | $ | 98 | | | $ | 188 | | | $ | 188 | | | | | | | | | | | Common share information: | | | | | | | | | Weighted average common shares outstanding for basic EPS | | 229.54 | | | 250.27 | | | 230.65 | | | 252.44 | | Dilutive effect of stock options and equity awards | | 3.46 | | | 4.55 | | | 3.73 | | | 5.15 | | Weighted average common shares outstanding for diluted EPS | | 233.00 | | | 254.82 | | | 234.38 | | | 257.59 | | | | | | | | | | | Earnings per share: | | | | | | | | | Basic | | $ | 0.26 | | | $ | 0.39 | | | $ | 0.82 | | | $ | 0.74 | | Diluted | | $ | 0.25 | | | $ | 0.38 | | | $ | 0.80 | | | $ | 0.73 | |
Certain share-based equity awards were excluded from the computation of dilutive EPS because inclusion of these awards would have had an anti-dilutive effect. The number of awards excluded were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | December 31, 2022 | | December 31, 2021 | | December 31, 2022 | | December 31, 2021 | Stock Options | | 467,554 | | | 507,424 | | | 474,591 | | | 518,052 | | Restricted Stock Units | | 2,490,526 | | | 112,314 | | | 2,146,455 | | | 204,459 | | Performance Stock Units | | 1,086,398 | | | 1,937,752 | | | 850,623 | | | 1,089,869 | | | | | | | | | | |
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