v3.25.2
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share
The computation of basic and diluted earnings per share was as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in millions, except shares and per share amounts)2025202420252024
Net income$3,222 $2,925 $6,175 $5,299 
Weighted-average shares outstanding – basic (1)
1,132,760,465 1,170,025,862 1,136,627,715 1,177,662,179 
Effect of dilutive securities:
Outstanding stock options, unvested stock awards (1)
2,086,501 2,421,491 3,143,024 3,267,700 
Weighted-average shares outstanding – diluted1,134,846,966 1,172,447,353 1,139,770,739 1,180,929,879 
Earnings per share – basic$2.84 $2.50 $5.43 $4.50 
Earnings per share – diluted$2.84 $2.49 $5.42 $4.49 
Potentially dilutive securities:
Outstanding stock options and unvested stock awards2,479,780 1,827 80,012 955 
Ka’ena Acquisition earnout (2)
— 932,755 — 466,377 
(1)     During the second quarter of 2025, the weighted-average number of shares issuable related to the Ka’ena Acquisition earnout (“Ka’ena Shares”) are included in our calculations of basic and diluted weighted-average shares outstanding based on the 20 trading day volume-weighted average price, as further described below.
(2)     Represents the Ka’ena Shares that were contingently issuable based on achievement of specified performance indicators from the Ka’ena Acquisition closing date of May 1, 2024, based on the maximum number of shares contingently issuable for the earnout and 20 trading day volume-weighted average price as of June 30, 2024.