NET INCOME PER SHARE (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share

Basic and diluted net income per share are calculated using the treasury stock method.

(in millions, except per share data)	Three Months Ended March 31,
	2022		2021
Basic
Net income	$	370.8	$	409.6
Average shares outstanding	258.8		265.8
Basic net income per share	$	1.43	$	1.54
Diluted
Net income	$	370.8	$	409.6
Average shares outstanding assuming dilution:
Average shares outstanding	258.8		265.8
Stock options and other contingently issuable shares (1)	4.3		4.8
Average shares outstanding assuming dilution	263.1		270.6
Diluted net income per share	$	1.41	$	1.51

(1)There were 1.0 million stock options and other contingently issuable shares excluded due to their anti-dilutive effect for the three months ended March 31, 2022. There were no stock options and other contingently issuable shares excluded due to their anti-dilutive effect for the three months ended March 31, 2021.