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Net Income Per Share (Tables)
6 Months Ended
Jun. 30, 2025
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 June 30,

 

 

Six months ended June 30,

 

(in millions, except per share data)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Net income attributable to the Company

 

$

231

 

 

$

257

 

 

$

563

 

 

$

550

 

Net income attributable to unvested awarded performance stock

 

 

(3

)

 

 

(3

)

 

 

(6

)

 

 

(6

)

Net income attributable to common shares

 

$

228

 

 

$

254

 

 

$

557

 

 

$

544

 

Weighted average number of common shares outstanding – basic

 

 

295

 

 

 

285

 

 

 

291

 

 

 

285

 

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

 

 

(3

)

 

 

(3

)

 

 

(4

)

 

 

(4

)

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

 

 

292

 

 

 

282

 

 

 

287

 

 

 

281

 

Dilutive effect of potentially issuable common shares

 

 

1

 

 

 

1

 

 

 

2

 

 

 

2

 

Weighted average number of shares outstanding – diluted

 

 

293

 

 

 

283

 

 

 

289

 

 

 

283

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.79

 

 

$

0.90

 

 

$

1.94

 

 

$

1.93

 

Diluted

 

$

0.78

 

 

$

0.90

 

 

$

1.93

 

 

$

1.92