Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

v3.26.1
EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
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, 2026 and 2025 (in millions, except per share amounts):
Three Months Ended
 June 30,		 Six Months Ended
 June 30,
2026 2025 2026 2025
Numerator:
Net income
 $ 604  $ 1,283  $ 1,468  $ 2,470 
Denominator:
Weighted-average shares 850  847  850  848 
Vested portion of restricted shares 1  —  —  1 
Denominator for basic earnings per share 851  847  850  849 
Effect of dilutive securities:
Restricted performance units —  —  1  — 
Denominator for diluted earnings per share 851  847  851  849 
Basic earnings per share(1)
$ 0.71  $ 1.51  $ 1.73  $ 2.91 
Diluted earnings per share(1)
$ 0.71  $ 1.51  $ 1.73  $ 2.91 
(1)    Earnings per share is computed using unrounded amounts.
Diluted earnings per share for the three months ended June 30, 2026 and 2025 excluded the effect of 5.1 and 1.7 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, 2026 and 2025 were 4.9 and 1.1 million, respectively.