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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 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
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Net income

 

$

200

 

 

$

158

 

 

$

556

 

 

$

503

 

Weighted average shares of common stock outstanding

 

 

87

 

 

 

90

 

 

 

87

 

 

 

91

 

Dilutive effect of stock-based awards

 

 

1

 

 

 

—

 

 

 

1

 

 

 

—

 

Diluted weighted average shares of common stock outstanding

 

 

88

 

 

 

90

 

 

 

88

 

 

 

91

 

Basic earnings per share attributable to common stockholders

 

$

2.30

 

 

$

1.76

 

 

$

6.39

 

 

$

5.53

 

Diluted earnings per share attributable to common stockholders

 

$

2.27

 

 

$

1.76

 

 

$

6.32

 

 

$

5.53