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Earnings per share (Tables)
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted EPS under Two-class Method

The computation of basic and diluted earnings per share is set forth in the table below. Anti-dilutive shares outstanding were immaterial for all periods presented below.

 

 

 

Three Months Ended March 31,

 

(In millions, except per share amounts)

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

Basic and diluted:

 

 

 

 

 

 

Net income attributable to controlling interest

 

$

74

 

 

$

83

 

Denominator:

 

 

 

 

 

 

Basic: Weighted average common stock

 

 

86.1

 

 

 

87.5

 

Add: Weighted average stock options/share awards

 

 

0.2

 

 

 

0.2

 

Diluted weighted average common stock:

 

 

86.3

 

 

 

87.8

 

 

 

 

 

 

 

 

Net earnings per share - basic

 

$

0.86

 

 

$

0.95

 

 

 

 

 

 

 

 

Net earnings per share - diluted

 

$

0.86

 

 

$

0.94