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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Schedule of 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.