Earnings Per Share

12 Months Ended

Dec. 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 for the years ended December 31, 2024, 2023 and 2022 were as follows.


	2024	2023	2022


Weighted-average shares outstanding - Basic	403.4	404.8	405.3
Dilutive effect of outstanding share-based compensation awards	3.8	4.2	4.9
Weighted-average shares outstanding - Diluted	407.2	409.0	410.2

For the years ended December 31, 2024, 2023 and 2022, there were 0.5 million, 1.3 million and 1.8 million anti-dilutive shares that were not included in the computation of diluted earnings per share, respectively.