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Net Income Per Share (Tables)
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Reconciliation between Basic and Diluted Weighted Average Shares Outstanding The following is a reconciliation between basic and diluted weighted average shares outstanding:

 

 

 

Three months ended March 31,

 

(in millions, except per share data)

 

2022

 

 

2021

 

Net income

 

$

220.3

 

 

$

199.7

 

Net income attributable to unvested awarded performance stock

 

 

(4.4

)

 

 

(5.0

)

Net income attributable to common shares

 

$

215.9

 

 

$

194.7

 

Weighted average number of common shares outstanding – basic

 

 

282.8

 

 

 

282.6

 

Less unvested awarded performance stock included in weighted
   average number of common shares outstanding – basic

 

 

(5.7

)

 

 

(7.0

)

Weighted average number of common shares outstanding for basic
   net income per common share

 

 

277.1

 

 

 

275.6

 

Dilutive effect of potentially issuable common shares

 

 

1.5

 

 

 

1.4

 

Weighted average number of shares outstanding – diluted

 

 

278.6

 

 

 

277.0

 

Net income per share:

 

 

 

 

 

 

Basic

 

$

0.78

 

 

$

0.71

 

Diluted

 

$

0.77

 

 

$

0.70