Earnings Per Share

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Note 10 – Earnings Per Share

The computation of basic and diluted earnings per share is as follows:

	Three Months Ended March 31,
(in millions, except per share data)	2022		2021
Numerator
Net income	$	98	$	234
Denominator
Basic weighted-average shares		110.4		111.1
Effect of dilutive restricted stock units (“RSUs”)		0.4		0.3
Diluted weighted-average shares		110.8		111.4
Net income per share (1)
Basic	$	0.89	$	2.10
Diluted	$	0.88	$	2.10

(1) Net income per share may not recalculate due to rounding.

For the three months ended March 31, 2022 and 2021, 12 thousand and 219 thousand RSUs, respectively, were excluded from diluted weighted-average common shares outstanding due to their antidilutive effect.