Earnings per share (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Computation of Basic and Diluted EPS under Two-class Method

The computation of basic and diluted EPS under the two-class method were as follows:

(In millions, except per share amounts)	Three months ended March 31
	2020		2019
Numerator:
Basic and diluted:
Net income attributable to controlling interest	$	74.8	$	111.4
Participating share awards with dividend equivalent rights		0.0		0.0
Net income applicable to common shareholders		74.8		111.4
Earnings allocated to participating share awards¹⁾		0.0		0.0
Net income attributable to common shareholders	$	74.8	$	111.4
Denominator: ¹⁾
Basic: Weighted average common stock		87.3		87.2
Add: Weighted average stock options/share awards		0.1		0.2
Diluted:		87.4		87.4

Basic EPS	$	0.86	$	1.28

Diluted EPS	$	0.86	$	1.27

¹⁾

The Company’s unvested RSUs and PSs, of which some included the right to receive non-forfeitable dividend equivalents, are considered participating securities. Calculations of EPS under the two-class method exclude from the numerator any dividends paid or owed on participating securities and any undistributed earnings considered to be attributable to participating securities. The related participating securities are similarly excluded from the denominator.