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Net Income Per Share (Tables)
3 Months Ended
Mar. 31, 2024
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)

 

2024

 

 

2023

 

Net income attributable to the Company

 

$

293

 

 

$

236

 

Net income attributable to unvested awarded performance stock

 

 

(4

)

 

 

(4

)

Net income attributable to common shares

 

$

289

 

 

$

232

 

Weighted average number of common shares outstanding – basic

 

 

285

 

 

 

283

 

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

 

 

(4

)

 

 

(5

)

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

 

 

281

 

 

 

278

 

Dilutive effect of potentially issuable common shares

 

 

2

 

 

 

1

 

Weighted average number of shares outstanding – diluted

 

 

283

 

 

 

279

 

Net income per share:

 

 

 

 

 

 

Basic

 

$

1.03

 

 

$

0.83

 

Diluted

 

$

1.02

 

 

$

0.83