EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2020

EARNINGS PER SHARE

Reconciliation of basic and diluted net income per common share

	Three Months Ended June 30,				Six Months Ended June 30,
(in millions, except per share amounts)	2020		2019		2020		2019
Basic earnings per share numerator:
Net income	$	113.6	$	84.5	$	271.0	$	178.6
Loss attributable to noncontrolling interest		—		3.8		—		4.0
Net income excluding noncontrolling interest		113.6		88.3		271.0		182.6
Change in redemption value of noncontrolling interest		—		(0.2)		—		(0.4)
Earnings allocated to participating securities		(0.3)		(0.5)		(0.7)		(1.1)
Net income allocated to common stockholders	$	113.3	$	87.6	$	270.3	$	181.1
Basic earnings per share denominator:
Weighted average shares outstanding		109.5		111.5		109.9		111.5
Basic earnings per share	$	1.04	$	0.79	$	2.46	$	1.62
Diluted earnings per share numerator:
Net income	$	113.6	$	84.5	$	271.0	$	178.6
Loss attributable to noncontrolling interest		—		3.8		—		4.0
Net income excluding noncontrolling interest		113.6		88.3		271.0		182.6
Change in redemption value of noncontrolling interest		—		(0.2)		—		(0.4)
Earnings allocated to participating securities		(0.3)		(0.5)		(0.7)		(1.1)
Net income allocated to common stockholders	$	113.3	$	87.6	$	270.3	$	181.1
Diluted earnings per share denominator:
Weighted average shares outstanding		109.5		111.5		109.9		111.5
Dilutive potential common shares outstanding		0.1		0.1		0.2		0.1
Total dilutive weighted average shares		109.6		111.6		110.1		111.6
Diluted earnings per share	$	1.03	$	0.78	$	2.45	$	1.62