Earnings per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings per Share

Note 12—Earnings per Share

The following table sets forth the computation of basic and diluted EPS (in millions, except per share amounts):

	Three Months Ended March 31,
	2020		2019
Net income	$	99.2	$	80.8
Shares:
Weighted average common shares outstanding — used in calculation of basic EPS		255.3		251.5
Weighted average common stock equivalents — stock options and restricted shares		10.3		12.2
Weighted average common and common equivalent shares outstanding — used in calculation of diluted EPS		265.6		263.7
Earnings per share - Basic	$	0.39	$	0.32
Earnings per share - Diluted	$	0.37	$	0.31

Stock options and SARs representing 12.2 and 5.7 million shares were outstanding for the three months ended March 31, 2020 and 2019, respectively, but were not included in the computation of diluted EPS because the effect of including them would be anti-dilutive.