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Net Income Per Share (Tables)
9 Months Ended
Sep. 30, 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 September 30,

 

 

Nine months ended September 30,

 

(in millions, except per share data)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Net income attributable to the Company

 

$

234

 

 

$

176

 

 

$

783

 

 

$

602

 

Net income attributable to unvested awarded performance stock

 

 

(3

)

 

 

(3

)

 

 

(9

)

 

 

(9

)

Net income attributable to common shares

 

$

231

 

 

$

173

 

 

$

774

 

 

$

593

 

Weighted average number of common shares outstanding – basic

 

 

286

 

 

 

284

 

 

 

285

 

 

 

284

 

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

 

 

(4

)

 

 

(4

)

 

 

(4

)

 

 

(4

)

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

 

 

282

 

 

 

280

 

 

 

281

 

 

 

280

 

Dilutive effect of potentially issuable common shares

 

 

2

 

 

 

1

 

 

 

2

 

 

 

1

 

Weighted average number of shares outstanding – diluted

 

 

284

 

 

 

281

 

 

 

283

 

 

 

281

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.82

 

 

$

0.62

 

 

$

2.75

 

 

$

2.12

 

Diluted

 

$

0.81

 

 

$

0.62

 

 

$

2.73

 

 

$

2.11