EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2023

EARNINGS PER SHAREBasic earnings per share from continuing operations is computed by dividing net income from continuing operations by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share from continuing operations is computed by dividing net income from continuing operations by the weighted-average number of shares of common stock outstanding during the period, increased to include the number of shares of common stock that would have been

outstanding had potentially dilutive shares of common stock been issued. The dilutive effect of restricted stock units is reflected in diluted earnings per share by applying the treasury stock method. Basic and dilutive earnings per share from discontinued operations are computed under the same approach utilizing the same weighted-average number of shares of common stock outstanding during the period and dilutive shares.

There are no adjustments required to be made to net income from continuing operations for purposes of computing basic and diluted earnings per share from continuing operations.

Basic and diluted earnings per share from continuing operations are calculated as follows:


	Three Months Ended March 31,
In millions, except per share amounts	2023		2022
Net income from continuing operations	$	97	$	55
Weighted average common shares outstanding	42.5		44.0
Effect of dilutive securities	0.6		0.2
Weighted average common shares outstanding - assuming dilution	43.1		44.2
Earnings per share from continuing operations - basic	$	2.28	$	1.25
Earnings per share from continuing operations - diluted	$	2.25	$	1.25