v3.24.2
Earnings Per Share
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The following table presents the computation of basic and diluted earnings per share:
Three Months Ended June 30,Six Months Ended June 30,
(in millions, except per share data)2024202320242023
Numerator:
Net income$363 $297 $651 $586 
Denominator:
Basic weighted average common shares outstanding182.2 184.4 182.0 185.1 
Effect of dilutive stock options and share awards2.1 2.3 2.3 2.5 
Diluted weighted average common shares outstanding184.3 186.7 184.3 187.6 
Earnings per share attributable to common stockholders:
Basic$1.99 $1.61 $3.58 $3.17 
Diluted$1.97 $1.59 $3.53 $3.12 
Stock-based awards will have a dilutive effect under the treasury method when the respective period's average market value of the Company's common stock exceeds the exercise proceeds. Performance awards are included in diluted earnings per share based on if the performance targets have been met at the end of the reporting period.
For the three and six months ended June 30, 2024 and 2023, the weighted average number of outstanding stock-based awards not included in the computation of diluted earnings per share because they are subject to performance conditions that have not been met at the end of the reporting period or the effect of including such stock-based awards in the computation would be anti-dilutive was 1.1 million and 1.2 million, and 1.0 million and 1.1 million, respectively.