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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share

Three Months Ended

Six Months Ended

June 30,

June 30,

(In millions, except per share data)

2022

2021

2022

2021

Net Income

$

33

$

40

$

35

$

45

Weighted-average common shares outstanding

82.1

85.5

82.2

85.5

Effect of dilutive securities:

RSUs(1)

0.2

0.3

Stock options(2)

0.1

0.2

0.2

0.2

Weighted-average common shares outstanding - assuming dilution

82.2

86.0

82.4

86.0

Basic earnings per share

$

0.40

$

0.47

$

0.42

$

0.53

Diluted earnings per share

$

0.40

$

0.47

$

0.42

$

0.53

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(1)RSUs of 1.0 million and 0.2 million shares for the three months ended June 30, 2022 and 2021, respectively, and 0.9 million and 0.1 million shares for the six months ended June 30, 2022 and 2021, respectively, were not included in the diluted earnings per share calculation because their effect would have been anti-dilutive.  

(2)Options to purchase 1.6 million and 0.2 million shares for the three months ended June 30, 2022 and 2021, respectively, and 1.4 million and 0.1 million shares for the six months ended June 30, 2022 and 2021, respectively, were not included in the diluted earnings per share calculation because their effect would have been anti-dilutive.