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Net Income Per Share
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Net Income Per Share
Note 9 – Net Income Per Share
Basic net income per share is computed by dividing net income by the weighted-average number of common shares outstanding for the periods presented. Diluted net income per share is computed by giving effect to all potential weighted average dilutive common stock. For diluted net income per share, the dilutive effect of outstanding awards is reflected by application of the treasury stock method and convertible securities by application of the if-converted method, as applicable.
We take into account the effect on consolidated net income per share of dilutive securities of entities in which we hold equity interests that are accounted for using the equity method.
The following table sets forth the computation of basic and diluted net income per share attributable to common stockholders (in millions, except share amounts which are reflected in thousands, and per share amounts):
Three Months Ended March 31,
20252026
Basic net income per share:
Numerator
Net income including non-controlling interests$1,774 $282 
Net income (loss) attributable to non-controlling interests, net of tax(2)19 
          Net income attributable to common stockholders$1,776 $263 
Denominator
Basic weighted-average common stock outstanding2,092,464 2,052,187 
Basic net income per share attributable to common stockholders (1)
$0.85 $0.13 
Diluted net income per share:
Numerator
     Net income attributable to common stockholders$1,776 $263 
Assumed net loss attributable to Freight Holding contingently issuable shares(13)— 
     Diluted net income attributable to common stockholders$1,763 $263 
Denominator
     Number of shares used in basic net income per share computation2,092,464 2,052,187 
     Dilutive effect of equity awards27,006 15,506 
     Dilutive effect of Freight Holding contingently issuable shares827 11 
     Dilutive effect of Convertible Notes— 1,366 
     Dilutive effect of other contingently issuable shares2,321 2,321 
     Diluted weighted-average common stock outstanding2,122,618 2,071,391 
Diluted net income per share attributable to common stockholders (1)
$0.83 $0.13 
(1) Per share amounts are calculated using unrounded numbers and therefore may not recalculate.
During the three months ended March 31, 2025 and 2026, approximately 45 million and 11 million shares of common stock underlying equity awards, respectively, were excluded from the computation of diluted net income per share because their effect would have been antidilutive.