v3.24.3
Earnings Per Share
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share
NOTE 2. EARNINGS PER SHARE
 
A reconciliation of the numerators and denominators of basic and diluted earnings per share is shown in the table below:
 Three months endedNine months ended
 September 30,September 30,
 2024202320242023
Numerators    
Numerator for basic earnings per share:    
Net Income (Loss) Attributable to Common Stock$(226)$3,444 $6,715 $12,057 
Dilutive potential common shares:
Mobility preferred interests— — — 72 
Share-based payment— — — 10 
Numerator for diluted earnings per share$(226)$3,444 $6,715 $12,139 
Denominators (000,000)
Denominator for basic earnings per share:
Weighted average number of common shares outstanding7,202 7,185 7,197 7,178 
Dilutive potential common shares:
Mobility preferred interests (in shares)— — — 95 
Share-based payment (in shares)1
6 — 3 7 
Denominator for diluted earnings per share7,208 7,185 7,200 7,280 
1For the three months ended September 30, 2024, dilutive potential common shares are not included in the computation of diluted earnings per share because their effect is antidilutive as a result of the net loss attributable to common stock.

On April 5, 2023, we repurchased all our Series A Cumulative Perpetual Preferred Membership Interests in AT&T Mobility II LLC (Mobility preferred interests). For periods prior to repurchase, under Accounting Standards Update (ASU) No. 2020-06, “Debt—Debt With Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity” (ASU 2020-06), the ability to settle the Mobility preferred interests in stock was reflected in our diluted earnings per share calculation.