Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

v3.25.1
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2025
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 for the three months ended March 31, 2025 and 2024 (in millions, except per share amounts):
  Three Months Ended
 March 31,
2025 2024
Numerator:
Net income attributable to common shareowners $ 1,187  $ 1,113 
Denominator:
Weighted-average shares 849  853 
Vested portion of restricted shares 1  3 
Denominator for basic earnings per share 850  856 
Effect of dilutive securities:
Stock options —  1 
Denominator for diluted earnings per share 850  857 
Basic earnings per share(1)
$ 1.40  $ 1.30 
Diluted earnings per share(1)
$ 1.40  $ 1.30 
(1)    Earnings per share is computed using unrounded amounts.
Diluted earnings per share for the three months ended March 31, 2025 and 2024 excluded the effect of 0.5 million shares of common stock that may be issued upon the exercise of employee stock options because such effect would be antidilutive.