v3.26.1
Net Income Per Common Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Income (Loss) Per Common Share Net Income Per Common Share
Basic earnings per share are computed based on the weighted average number of common shares outstanding. Diluted earnings per share are computed based on the weighted average number of common and dilutive potential common shares outstanding using the treasury stock method. The table shows calculations for basic and diluted earnings per share:
(In millions, except per share data)Three months ended June 30,Six months ended June 30,
2026202520262025
Numerator:    
Net income—basic and diluted
$1,255 $685 $1,529 $595 
Denominator:    
Basic weighted-average common shares outstanding154.1 156.3 154.7 156.4 
Effect of share-based awards:    
Stock options1.1 0.9 1.1 1.0 
Nonvested shares0.5 0.6 0.5 0.4 
Diluted weighted-average shares 155.7 157.8 156.3 157.8 
Earnings per share:    
Basic$8.14 $4.38 $9.88 $3.81 
Diluted$8.05 $4.34 $9.78 $3.77 
Number of anti-dilutive share-based awards0.3 0.3 0.5 0.4 

The source of dilution of our common shares are certain equity-based awards. See our 2025 Annual Report on Form 10-K, Item 8, Note 17, Share-Based Associate Compensation Plans, Page 169, for information about share-based awards. The above table shows the number of anti-dilutive share-based awards for the three and six months ended June 30, 2026 and 2025.