Earnings Per Share

12 Months Ended

Dec. 31, 2022

The components of basic and diluted EPS for common shares for each of the years ended December 31 were as follows:


	2022		2021		2020
	(in millions, except per share data)
Numerator
Net income	$	9,930	$	8,687	$	6,411
Denominator
Basic weighted-average shares outstanding	968		988		1,002
Dilutive stock options and stock units	3		4		4
Diluted weighted-average shares outstanding 1	971		992		1,006
Earnings per Share
Basic	$	10.26	$	8.79	$	6.40
Diluted	$	10.22	$	8.76	$	6.37

Note: Table may not sum due to rounding.

1For the years presented, the calculation of diluted EPS excluded a minimal amount of anti-dilutive share-based payment awards.