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 and six months ended June 30, 2024, 33 million and 18 million shares of Class A common stock equivalents of restricted stock units (RSUs), respectively, were excluded from the diluted EPS calculation as including them would have an anti-dilutive effect. For the three and six months ended June 30, 2023, RSUs with an anti-dilutive effect were 20 million and 25 million shares, respectively.

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 June 30,				Six Months Ended June 30,
	2024		2023 (2)		2024		2023 (2)
Basic EPS:
Numerator
Distributed earnings	$	1,266	$	—	$	2,539	$	—
Undistributed earnings	12,199		7,788		23,295		13,498
Net income	$	13,465	$	7,788	$	25,834	$	13,498
Denominator
Shares used in computation of basic EPS (1)	2,534		2,568		2,540		2,577
Basic EPS	$	5.31	$	3.03	$	10.17	$	5.24
Diluted EPS:
Numerator
Net income for diluted EPS	$	13,465	$	7,788	$	25,834	$	13,498
Denominator
Shares used in computation of basic EPS	2,534		2,568		2,540		2,577
Weighted-average effect of dilutive RSUs	76		44		79		27
Shares used in computation of diluted EPS	2,610		2,612		2,619		2,604
Diluted EPS	$	5.16	$	2.98	$	9.86	$	5.18

(1)Include 2,189 million and 2,217 million shares of Class A common stock and 345 million and 351 million shares of Class B common stock, for the three months ended June 30, 2024 and 2023, respectively, and 2,193 million and 2,220 million shares of Class A common stock and 347 million and 357 million shares of Class B common stock, for the six months ended June 30, 2024 and 2023, respectively.

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