Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The earnings per share amounts are the same for class A and class B common shares as the holders of each class are legally entitled to equal per share distributions whether through dividends or in liquidation.
The following table sets forth the computation of basic and diluted earnings per share (in millions, except per share amounts): 
2023 2022 2021
Numerator:
Net income attributable to common shareowners $ 6,708  $ 11,548  $ 12,890 
Denominator:
Weighted-average shares 855  868  869 
Deferred compensation obligations —  —  — 
Vested portion of restricted shares 4  3  5 
Denominator for basic earnings per share 859  871  874 
Effect of Dilutive Securities:
Restricted performance units and contingent shares(1)
1  3  3 
Stock options —  1  1 
Denominator for diluted earnings per share 860  875  878 
Basic Earnings Per Share $ 7.81  $ 13.26  $ 14.75 
Diluted Earnings Per Share $ 7.80  $ 13.20  $ 14.68 
(1)     Contingent shares relate to MIP awards that may be settled in cash or Class A common stock at the employees' election - see note 13.
Diluted earnings per share for the years ended December 31, 2023, 2022 and 2021 exclude the effect of 0.3, 0.1 and 0.1 million shares, respectively, of common stock that may be issued upon the exercise of employee stock options because such effect would be antidilutive.