Income (Loss) per Share

3 Months Ended

Mar. 31, 2026

Income per Share

Basic income or loss per share is based on the weighted average number of common shares outstanding during the

period. Diluted income per share includes additional common shares that would have been outstanding if potential common

shares with a dilutive effect had been issued. Antidilutive securities represent potentially dilutive securities which are excluded

from the computation of diluted income or loss per share as their impact was antidilutive.

A reconciliation of the number of shares used for the basic and diluted income per share computations is as follows:


	Three Months Ended March 31,
Millions of shares	2026	2025
Basic weighted average common shares outstanding	837	866
Dilutive effect of awards granted under our stock incentive plans	2	—
Diluted weighted average common shares outstanding	839	866

Antidilutive shares:
Weighted average options with exercise price greater than the average market price	5	9
Total antidilutive shares	5	9