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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Reconciliation between Basic and Diluted Weighted Average Shares Outstanding

The following is a reconciliation between basic and diluted weighted average shares outstanding for the years ended December 31:

(in millions, except per share data)

 

2025

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income attributable to the Company

 

$

1,054

 

 

$

993

 

 

$

871

 

Less: Net income attributable to unvested awarded performance stock

 

 

(11

)

 

 

(12

)

 

 

(13

)

Net income attributable to common shares – basic

 

$

1,043

 

 

$

981

 

 

$

858

 

Less: Gain on mark-to-market of escrow liability (1)

 

 

(54

)

 

 

 

 

 

 

Net income attributable to common shares – diluted

 

$

989

 

 

$

981

 

 

$

858

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding

 

 

313

 

 

 

285

 

 

 

284

 

Less: Unvested awarded performance stock

 

 

(3

)

 

 

(3

)

 

 

(4

)

Weighted average number of common shares outstanding – basic

 

 

310

 

 

 

282

 

 

 

280

 

Dilutive effect of stock compensation plans

 

 

2

 

 

 

2

 

 

 

1

 

Dilutive effect of contingently issuable shares (1)

 

 

1

 

 

 

 

 

 

 

Weighted average number of shares outstanding – diluted

 

 

313

 

 

 

284

 

 

 

281

 

Net income per share:

 

 

 

 

 

 

 

 

 

Basic

 

$

3.37

 

 

$

3.48

 

 

$

3.07

 

Diluted

 

$

3.16

 

 

$

3.46

 

 

$

3.05

 

(1)
The calculation of diluted net income per share for the year ended December 31, 2025, excludes the gain on the mark-to-market of escrow liability in the numerator and includes the shares held in escrow in the denominator, in accordance with ASC 260 - Earnings Per Share, which requires this treatment in periods where the combined effect of these adjustments is accretive to earnings.