Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

v3.22.4
EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2022
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): 
2022 2021 2020
Numerator:
Net income attributable to common shareowners $ 11,548  $ 12,890  $ 1,343 
Denominator:
Weighted-average shares 868  869  862 
Deferred compensation obligations —  —  — 
Vested portion of restricted shares 3  5  5 
Denominator for basic earnings per share 871  874  867 
Effect of Dilutive Securities:
Restricted performance units 3  3  4 
Stock options 1  1  — 
Denominator for diluted earnings per share 875  878  871 
Basic Earnings Per Share $ 13.26  $ 14.75  $ 1.55 
Diluted Earnings Per Share $ 13.20  $ 14.68  $ 1.54 
Diluted earnings per share for the years ended December 31, 2022, 2021 and 2020 exclude the effect of 0.1, 0.1 and 0.6 million shares, respectively, of common stock that may be issued upon the exercise of employee stock options because such effect would be antidilutive.