Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

v3.25.2
EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2025 and 2024 (in millions, except per share amounts):
  Three Months Ended
 June 30,		 Six Months Ended
 June 30,
2025 2024 2025 2024
Numerator:
Net income
 $ 1,283  $ 1,409  $ 2,470  $ 2,522 
Denominator:
Weighted-average shares 847  856  848  855 
Vested portion of restricted shares —  —  1  1 
Denominator for basic earnings per share 847  856  849  856 
Effect of dilutive securities:
Stock options —  1  —  1 
Denominator for diluted earnings per share 847  857  849  857 
Basic earnings per share(1)
$ 1.51  $ 1.65  $ 2.91  $ 2.95 
Diluted earnings per share(1)
$ 1.51  $ 1.65  $ 2.91  $ 2.94 
(1)    Earnings per share is computed using unrounded amounts.
Diluted earnings per share for the three months ended June 30, 2025 and 2024 excluded the effect of 1.7 and 0.5 million shares of common stock, respectively, that may be issued upon the exercise of employee stock options because such effect would be antidilutive. Antidilutive shares of common stock for the six months ended June 30, 2025 and 2024 were 1.1 and 0.5 million, respectively