The following table summarizes the basic and diluted earnings (loss) per share calculations (in millions, except per share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator: | | | | | | | | | Net income from continuing operations attributable to common shareholders - basic | $ | 542 | | | $ | 318 | | | $ | 1,387 | | | $ | 668 | | | Add: Net income from continuing operations attributable to noncontrolling interests | 162 | | | 122 | | | 427 | | | 259 | | | Net income from continuing operations available to common shareholders and noncontrolling interests - diluted | $ | 704 | | | $ | 440 | | | $ | 1,814 | | | $ | 927 | | | | | | | | | | | Net loss from discontinued operations | $ | — | | | $ | 4 | | | $ | — | | | $ | 7 | | | | | | | | | | | Net income attributable to common shareholders - basic | $ | 542 | | | $ | 315 | | | $ | 1,387 | | | $ | 663 | | | Add: Net income attributable to noncontrolling interests | 162 | | | 121 | | | 427 | | | 257 | | | Net income available to common shareholders and noncontrolling interests - diluted | $ | 704 | | | $ | 436 | | | $ | 1,814 | | | $ | 920 | | | | | | | | | | | Denominator: | | | | | | | | | Weighted average common shares - basic | 349 | | | 328 | | | 348 | | | 327 | | | Exchange of noncontrolling interests for common shares (Note 11) | 105 | | | 127 | | | 107 | | | 127 | | | Effect of other dilutive securities | 3 | | | 2 | | | 4 | | | 2 | | | Weighted average common shares - diluted | 457 | | | 457 | | | 459 | | | 456 | | | | | | | | | | | Basic net income per share from continuing operations (a) | $ | 1.55 | | | $ | 0.97 | | | $ | 3.99 | | | $ | 2.04 | | | Basic net loss per share from discontinued operations (a) | $ | — | | | $ | (0.01) | | | $ | — | | | $ | (0.02) | | | Basic net income per share (a) | $ | 1.55 | | | $ | 0.96 | | | $ | 3.99 | | | $ | 2.03 | | | | | | | | | | | Diluted net income per share from continuing operations (a) | $ | 1.54 | | | $ | 0.96 | | | $ | 3.95 | | | $ | 2.03 | | | Diluted net loss per share from discontinued operations (a) | $ | — | | | $ | (0.01) | | | $ | — | | | $ | (0.01) | | | Diluted net income per share (a) | $ | 1.54 | | | $ | 0.96 | | | $ | 3.95 | | | $ | 2.01 | | | | | | | | | | | Anti-dilutive securities outstanding | — | | | 5 | | | — | | | 5 | |
(a) Earnings (loss) per share may not recalculate exactly as it is calculated based on unrounded numbers.
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