Earnings Per Share

3 Months Ended

Mar. 31, 2020

The following table sets forth the computation of basic and diluted earnings per share:


	Three Months Ended March 31,
	2020		2019
Numerator:	(in millions, except share and per share amounts)
Net income attributable to common shareholders	$	203	$	247
Denominator:
Weighted-average common shares outstanding for basic earnings per share	164,864,077		165,343,968
Weighted-average effect of dilutive securities:
Employee equity awards⁽¹⁾	1,912,439		1,682,787

Weighted-average common shares outstanding for diluted earnings per share	166,776,516		167,026,755
Basic and diluted earnings per share:
Basic earnings per share	$	1.23	$	1.49
Diluted earnings per share	$	1.22	$	1.48

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⁽¹⁾PSUs, which are considered contingently issuable, are included in the computation of dilutive earnings per share on a weighted average basis when management determines that the applicable performance criteria would have been met if the performance period ended as of the date of the relevant computation.

Securities that were not included in the computation of diluted earnings per share because their effect was antidilutive were immaterial for the three months ended March 31, 2020 and 2019.