Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

Summary of Computation of Basic and Diluted Earnings Per Share

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.