| Earnings Per Share |
EARNINGS PER SHARE The following tables set forth the computation of basic and diluted earnings per share: | | | | | | | | | | | | | | | | Three Months Ended September 30, | | | | | 2025 | | 2024 | | | | Numerator: | (in millions, except share and per share amounts) | | | | Net income attributable to common shareholders | $ | 423 | | | $ | 306 | | | | | Denominator: | | | | | | | Weighted-average common shares outstanding for basic earnings per share | 573,286,343 | | | 575,120,541 | | | | | Weighted-average effect of dilutive securities: | | | | Weighted-average effect of dilutive securities - Employee equity awards | 5,691,159 | | | 3,896,663 | | | | | | | | | | | Weighted-average common shares outstanding for diluted earnings per share | 578,977,502 | | | 579,017,204 | | | | | Basic and diluted earnings per share: | | | | Basic earnings per share | $ | 0.74 | | | $ | 0.53 | | | | | Diluted earnings per share | $ | 0.73 | | | $ | 0.53 | | | | | | | | | | | Nine Months Ended September 30, | | 2025 | | 2024 | | | | Numerator: | (in millions, except share and per share amounts) | | Net income attributable to common shareholders | $ | 1,270 | | | $ | 762 | | | | | Denominator: | | | | | | | Weighted-average common shares outstanding for basic earnings per share | 574,128,432 | | | 575,647,283 | | | | | Weighted-average effect of dilutive securities - Employee equity awards | 5,178,964 | | | 3,317,144 | | | | | Weighted-average common shares outstanding for diluted earnings per share | 579,307,396 | | | 578,964,427 | | | | | Basic and diluted earnings per share: | | Basic earnings per share | $ | 2.21 | | | $ | 1.32 | | | | | Diluted earnings per share | $ | 2.19 | | | $ | 1.32 | | | |
In the tables above, employee equity awards from our PSU program, which are considered contingently issuable, are included in the computation of dilutive earnings per share on a weighted average basis when management determines that the applicable performance criteria would have been met if the performance period ended as of the date of the relevant computation. Securities that were not included in the computation of diluted earnings per share because their effect was antidilutive were immaterial for the three and nine months ended September 30, 2025 and 2024.
|