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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Summary of Weighted-Average Number of Shares Outstanding

Our weighted-average number of shares outstanding for the three and six months ended June 30, 2024 and 2023 was as follows:

 

 

 

Three months ended June 30,

 

 

Six Months Ended June 30,

 

(in millions)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Weighted-average number of shares of common stock outstanding - basic

 

 

96.8

 

 

 

95.4

 

 

 

96.3

 

 

 

95.1

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units

 

 

 

 

 

0.9

 

 

 

 

 

 

1.6

 

Weighted-average shares and assumed conversions - diluted(1)

 

 

96.8

 

 

 

96.3

 

 

 

96.3

 

 

 

96.7

 

 

(1)
As a result of the net loss for the three and six months ended June 30, 2024 and 2023, diluted earnings per share does not include the effects of the stock awards for which the average market price for the period exceeds the exercised price, as their effect would have been anti-dilutive.