Basic and diluted EPS are computed by dividing Net income attributable to common stockholders by the weighted-average common shares outstanding in the period. Diluted EPS is computed by giving effect to all potentially dilutive securities that are outstanding using the treasury stock method for awards under stock incentive plans.


	Years Ended December 31,
	2025		2024		2023
Basic earnings per share
Net income (loss) attributable to stockholders	$	2,697	$	6,008	$	10,127
Adjustments(a)	483		1,181		(106)


Net income (loss) attributable to common stockholders	$	3,180	$	7,189	$	10,022

Weighted-average common shares outstanding	955		1,115		1,364



Basic earnings per common share	$	3.33	$	6.45	$	7.35
Diluted earnings per share


Net income (loss) attributable to common stockholders – diluted	$	3,180	$	7,189	$	10,022

Weighted-average common shares outstanding – basic	955		1,115		1,364
Dilutive effect of awards under stock incentive plans	17		13		6
Weighted-average common shares outstanding – diluted	973		1,129		1,369



Diluted earnings per common share	$	3.27	$	6.37	$	7.32

Potentially dilutive securities(b)	—		—		23

(a)Includes a $593 million and $1.2 billion return from the preferred shareholders related to the redemption of Cruise preferred shares from noncontrolling interest holders for the years ended December 31, 2025 and 2024.

(b)Potentially dilutive securities attributable to outstanding stock options and RSUs at December 31, 2023 were excluded from the computation of diluted EPS because the securities would have had an antidilutive effect.