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Earnings per share
 6 Months Ended
Jun. 30, 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. Anti-dilutive shares outstanding were immaterial for all periods presented below.

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(In millions, except per share amounts)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to controlling interest

 

$

138

 

 

$

53

 

 

$

265

 

 

$

127

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic: Weighted average common stock

 

 

80.9

 

 

 

85.6

 

 

 

81.6

 

 

 

85.9

 

Add: Weighted average stock options/share awards

 

 

0.2

 

 

 

0.1

 

 

 

0.4

 

 

 

0.2

 

Diluted weighted average common stock:

 

 

81.1

 

 

 

85.8

 

 

 

82.1

 

 

 

86.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings per share - basic

 

$

1.71

 

 

$

0.61

 

 

$

3.24

 

 

$

1.48

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings per share - diluted

 

$

1.71

 

 

$

0.61

 

 

$

3.23

 

 

$

1.47