v3.25.2
Net Income Per Share
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
Basic net income per share is computed by dividing net income for the period by the weighted average number of shares of common stock outstanding during the period. Diluted net income per share is computed by dividing net income for the period by the weighted average number of shares of common stock and potentially dilutive common stock outstanding during the period. The dilutive effect of outstanding options and equity incentive awards is reflected in diluted net income per share by application of the treasury stock method. The calculation of diluted net income per share excludes all anti-dilutive shares of common stock.

The following table presents the computation of basic and diluted net income per share for the periods indicated (in millions, except per share amounts):
 Three Months Ended
June 30,
Six Months Ended
June 30,
 2025202420252024
Numerator:
Income from continuing operations
$369 $226 $874 $665 
Loss from discontinued operations, net of income taxes
(1)(2)(3)(3)
Net income
$368 $224 $871 $662 
Denominator:
Weighted average shares of common stock - basic461 503 465 509 
Dilutive effect of equity incentive awards
Weighted average shares of common stock - diluted470 507 473 513 
Income per share - basic:
Continuing operations$0.80 $0.45 $1.88 $1.31 
Discontinued operations— — (0.01)(0.01)
Net income per share - basic
$0.80 $0.45 $1.87 $1.30 
Income per share - diluted:
Continuing operations$0.79 $0.45 $1.85 $1.30 
Discontinued operations— — (0.01)(0.01)
Net income per share - diluted
$0.79 $0.45 $1.84 $1.29 
Common stock equivalents excluded from income per diluted share because their effect would have been anti-dilutive
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