Earnings Per Share

3 Months Ended

Mar. 31, 2024

The calculation of earnings per share is based on the weighted-average number of the Company’s shares outstanding for the applicable period. The calculation of diluted earnings per share reflects the effect of all potentially dilutive shares that were outstanding during the respective periods, unless the effect of doing so is antidilutive. The Company uses the treasury stock

method to calculate the dilutive effect of outstanding share-based compensation awards. The number of weighted-average shares outstanding used in the computations of basic and diluted earnings per share are as follows.


	For the Three Month Period Ended March 31,
	2024	2023


Weighted-average shares outstanding - Basic	403.5	405.0
Dilutive effect of outstanding share-based compensation awards	4.4	4.2
Weighted-average shares outstanding - Diluted	407.9	409.2

For the three month periods ended March 31, 2024 and 2023, 0.4 million and 2.0 million, respectively, of anti-dilutive shares were not included in the computation of diluted earnings per share.