CAPITAL STOCK AND EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Schedule of Cash Dividends per Common Share

We declared and paid cash dividends per common share during the periods presented as follows:

	Dividend Per Common Share		Amount ($ in millions)
2022:
First quarter	$	0.07	$	25.1
Second quarter	0.07		24.9
Third quarter	0.07		24.8
Fourth quarter	0.07		24.7
Total	$	0.28	$	99.5
2021:
First quarter	$	0.07	$	23.7
Second quarter	0.07		23.7
Third quarter	0.07		25.2
Fourth quarter	0.07		25.1
Total	$	0.28	$	97.7
The sum of the components of total dividends paid may not equal the total amount due to rounding.

We declared and paid cash dividends on our MCPS during the periods presented as follows:

	Dividend Per Preferred Share		Amount ($ in millions)
2021:
First quarter	$	12.50	$	17.3
Second quarter	12.50		17.2
Third quarter	—		—
Fourth quarter	—		—
Total	$	25.00	$	34.5

Schedule of Earnings Per Share

Information related to the calculation of net earnings per share of common stock is summarized as follows ($ and shares in millions, except per share amounts):

	Year Ended December 31,
	2022		2021		2020
Numerator
Net earnings from continuing operations	$	755.2	$	614.2	$	1,452.2
Mandatory convertible preferred stock cumulative dividends	—		(34.5)		(69.0)
Net earnings attributable to common stockholders from continuing operations used in basic earnings per share	$	755.2	$	579.7	$	1,383.2
Add-back: Mandatory convertible preferred stock cumulative dividends (“if-converted” method)	—		—		69.0
Add-back: Convertible note interest add-back (“if-converted” method)	1.8		—		—
Net earnings attributable to common stockholders from continuing operations and assumed conversions used in diluted earnings per share	$	757.0	$	579.7	$	1,452.2
Denominator
Weighted average common shares outstanding used in basic earnings per share	356.4		349.0		337.4
Incremental common shares from:
Assumed exercise of dilutive options and vesting of dilutive Stock Awards	2.8		3.3		1.7
Conversion of convertible notes (if converted method)	1.6		—		—
Assumed conversion of outstanding mandatory convertible preferred stock	—		—		19.9
Weighted average common shares outstanding used in diluted earnings per share	360.8		352.3		359.0
Net earnings from continuing operations per common share - Basic	$	2.12	$	1.66	$	4.10
Net earnings from continuing operations per common share - Diluted	$	2.10	$	1.65	$	4.05