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Earnings per share
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Earnings per share

11. EARNINGS PER SHARE

 

The computation of basic and diluted earnings per share is set forth in the table below.

 

 

 

Three Months Ended March 31,

 

(In millions, except per share amounts)

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

Basic and diluted:

 

 

 

 

 

 

Net income attributable to controlling interest

 

$

126

 

 

$

74

 

Denominator:

 

 

 

 

 

 

Basic: Weighted average common stock

 

 

82.3

 

 

 

86.1

 

Add: Weighted average stock options/share awards

 

 

0.7

 

 

 

0.2

 

Diluted weighted average common stock:

 

 

83.0

 

 

 

86.3

 

 

 

 

 

 

 

 

Net earnings per share - basic

 

$

1.53

 

 

$

0.86

 

 

 

 

 

 

 

 

Net earnings per share - diluted

 

$

1.52

 

 

$

0.86