The computation of basic EPS is based on the weighted-average number of our common shares outstanding. The computation of diluted EPS is based on the weighted-average number of our common shares outstanding and dilutive potential common shares, which primarily include shares that may be issued under our stock option, restricted stock and performance unit award programs (collectively, dilutive securities), as determined by using the treasury stock method.

The computations for basic and diluted earnings per share were as follows (in millions, except per-share data):


	Years ended December 31,
	2025		2024		2023
Income (Numerator):
Net income for basic and diluted earnings per share	$	7,711	$	4,090	$	6,717

Shares (Denominator):
Weighted-average shares for basic earnings per share	538		537		535
Effect of dilutive securities	4		4		3
Weighted-average shares for diluted earnings per share	542		541		538

Basic earnings per share	$	14.33	$	7.62	$	12.56
Diluted earnings per share	$	14.23	$	7.56	$	12.49

For each of the three years ended December 31, 2025, the number of antidilutive employee stock-based awards excluded from the computation of diluted EPS was not significant.