v3.21.4
Earnings Per Share (Tables)
 3 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table presents earnings per share for the three months ended December 31, 2021:
 Basic Earnings Per ShareDiluted Earnings Per Share
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(2)
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)		 
Earnings per
Share =
(A)/(B)(2)
(in millions, except per share data)
Class A common stock$3,065 1,669 $1.84 $3,959 2,159 
(3)
$1.83 
Class B common stock732 245 $2.98 $731 245 $2.98 
Class C common stock74 10 $7.35 $74 10 $7.34 
Participating securities(4)
88 Not presentedNot presented$88 Not presentedNot presented
Net income$3,959 
The following table presents earnings per share for the three months ended December 31, 2020:
 Basic Earnings Per ShareDiluted Earnings Per Share
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(2)
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)		 
Earnings per
Share =
(A)/(B)(2)
(in millions, except per share data)
Class A common stock$2,410 1,694 $1.42 $3,126 2,200 
(3)
$1.42 
Class B common stock567 245 $2.31 $566 245 $2.31 
Class C common stock61 11 $5.69 $61 11 $5.68 
Participating securities88 Not presentedNot presented$89 Not presentedNot presented
Net income$3,126 
(1)Net income is allocated based on proportional ownership on an as-converted basis. The weighted-average number of shares of as-converted class B common stock used in the income allocation was 398 million for the three months ended December 31, 2021 and 2020. The weighted-average number of shares of as-converted class C common stock used in the income allocation was 40 million and 43 million for the three months ended December 31, 2021 and 2020, respectively. The weighted-average number of shares of preferred stock included within participating securities was 7 million and 21 million of as-converted series A preferred stock for the three months ended December 31, 2021 and 2020, respectively, 16 million of as-converted series B preferred stock for the three months ended December 31, 2021 and 2020, and 22 million of as-converted series C preferred stock for the three months ended December 31, 2021 and 2020.
(2)Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers.
(3)Weighted-average diluted shares outstanding are calculated on an as-converted basis and include incremental common stock equivalents, as calculated under the treasury stock method. The common stock equivalents are not material for the three months ended December 31, 2021 and 2020.