Earnings per share

3 Months Ended

Mar. 31, 2026

3. Earnings per share

The following table presents the reconciliation of basic and diluted earnings per share for the three months ended March 31, 2026:


(in millions, except per share data)	Three months ended March 31, 2026
	Earnings (numerator)		Weighted average shares outstanding (denominator)	Earnings per share
Basic	$	43.3	675.7	$	0.06
Dilutive effect of stock-based awards	—		1.1

Diluted	$	43.3	676.8	$	0.06

The following table presents the reconciliation of basic and diluted earnings per share for the three months ended March 31, 2025:


(in millions, except per share data)	Three months ended March 31, 2025
	Earnings (numerator)		Weighted average shares outstanding (denominator)	Earnings per share
Basic	$	64.5	681.1	$	0.09
Dilutive effect of stock-based awards	—		1.3

Diluted	$	64.5	682.4	$	0.09

Certain stock options and RSUs are not included in the diluted earnings per share calculation when the effect would have been anti-dilutive. The number of anti-dilutive shares not included were 18.3 million for the three months ended March 31, 2026 and 11.5 million for the three months ended March 31, 2025