The holders of our Class A and Class B common stock (together, "common stock") have identical liquidation and dividend rights but different voting rights. Accordingly, we present the earnings per share (EPS) for Class A and Class B common stock together.

Basic EPS is computed by dividing net income by the weighted-average number of shares of our Class A and Class B common stock outstanding. Diluted EPS is computed by dividing the net income by the weighted-average number of fully diluted common stock outstanding and assumes the conversion of our Class B common stock to Class A common stock.

For the three months ended March 31, 2024 and 2023, 5 million and 86 million shares of Class A common stock equivalents of restricted stock units (RSUs) were excluded from the diluted EPS calculation, respectively, as including them would have an anti-dilutive effect.

The numerators and denominators of the basic and diluted EPS computations for our common stock are calculated as follows (in millions, except per share amounts):


	Three Months Ended March 31,
		2024	2023 (2)
Basic EPS:
Numerator
Distributed earnings				$	1,273	$	—
Undistributed earnings				11,096		5,709
Net income				$	12,369	$	5,709
Denominator
Shares used in computation of basic EPS (1)				2,545		2,587
Basic EPS				$	4.86	$	2.21
Diluted EPS:
Numerator
Net income for diluted EPS				$	12,369	$	5,709
Denominator
Shares used in computation of basic EPS				2,545		2,587
Weighted-average effect of dilutive RSUs				80		9
Shares used in computation of diluted EPS				2,625		2,596
Diluted EPS				$	4.71	$	2.20

(1) Include 2,197 million and 2,223 million shares of Class A common stock and 348 million and 364 million shares of Class B common stock, for the three months ended March 31, 2024 and 2023, respectively.

(2) The prior period EPS for Class A and Class B has been presented together to conform with current period presentation, which had no impact on our previously reported basic or diluted EPS.