v3.24.3
Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table presents the calculation of our basic and diluted EPS:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in millions, except per share amounts)2024202320242023
Numerator:
Net Income Available to Common Shareholders
$85.7 $77.0 $515.8 $436.1 
Less: Income allocated to participating securities0.2 0.1 0.9 0.3 
Net Income Available to Common Shareholders - Basic
85.5 76.9 514.9 435.8 
Add: Dilutive effect of Equity Units— 0.4 — 1.2 
Net Income Available to Common Shareholders - Diluted
$85.5 $77.3 $514.9 $437.0 
Denominator:
Average common shares outstanding - Basic451.9 413.5 449.4 413.2 
Dilutive potential common shares:
Equity Units purchase contracts— 33.1 — 31.9 
Equity Units purchase contract payment balance— 0.6 — 1.2 
Shares contingently issuable under employee stock plans0.9 0.7 0.9 0.7 
Shares restricted under employee stock plans0.3 0.4 0.3 0.4 
ATM forward sale agreements
1.4 — 0.8 — 
Average Common Shares - Diluted454.5 448.3 451.4 447.4 
Earnings per common share:
Basic$0.19 $0.19 1.151.05
Diluted$0.19 $0.17 1.140.98