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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Numerators and Denominators Used to Calculate Basic EPS and Diluted EPS

The following table reconciles the numerators and denominators used to calculate basic EPS and diluted EPS (in millions, except per share data):

 

 

 

Three Months Ended
March 31,

 

 

 

2024

 

 

2023

 

Net income

 

$

169

 

 

$

170

 

Weighted average shares of common stock outstanding

 

 

88

 

 

 

92

 

Dilutive effect of stock-based awards

 

 

1

 

 

 

 

Diluted weighted average shares of common stock outstanding

 

 

89

 

 

 

92

 

Basic earnings per share attributable to common stockholders

 

$

1.92

 

 

$

1.85

 

Diluted earnings per share attributable to common stockholders

 

$

1.90

 

 

$

1.85