NET INCOME PER SHARE (Tables)

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Basic
Net income	$	685.1	$	502.2	$	1,633.8	$	1,560.4
Average shares outstanding	257.7		261.6		258.2		263.4
Basic net income per share	$	2.66	$	1.92	$	6.33	$	5.92
Diluted
Net income	$	685.1	$	502.2	$	1,633.8	$	1,560.4
Average shares outstanding assuming dilution:
Average shares outstanding	257.7		261.6		258.2		263.4
Stock options and other contingently issuable shares (1)	3.4		5.0		4.0		4.7
Average shares outstanding assuming dilution	261.1		266.6		262.2		268.1
Diluted net income per share	$	2.62	$	1.88	$	6.23	$	5.82

(1)There were 1.9 million and 1.1 million stock options and other contingently issuable shares excluded due to their anti-dilutive effect for the three and nine months ended September 30, 2022, respectively. There were no stock options and other contingently issuable shares excluded due to their anti-dilutive effect for the three and nine months ended September 30, 2021.