v3.25.3
Earnings Per Share (“EPS”), Share Repurchases and Dividends
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share (“EPS”), Share Repurchases and Dividends Earnings Per Share (“EPS”), Share Repurchases and Dividends
EPS
Three Months Ended September 30,Nine Months Ended September 30,
(In millions, except per share amounts)2025202420252024
Net earnings$72 $57 $176 $124 
Basic weighted average number of shares outstanding266.2 264.0 265.9 263.3 
Impact of dilutive share-based awards2.2 4.3 2.8 4.1 
Diluted weighted average number of shares outstanding268.4 268.3 268.7 267.4 
Earnings per share attributable to common stockholders - basic
$0.27 $0.22 $0.66 $0.47 
Earnings per share attributable to common stockholders - diluted
$0.26 $0.21 $0.65 $0.46 
Basic EPS is computed by dividing net earnings by the weighted average number of shares of common stock outstanding during each period. The computation of diluted EPS includes the dilutive
effect of outstanding share-based compensation awards (which primarily consist of employee stock options, restricted stock units, and performance-based restricted stock units).
Share Repurchases
On February 20, 2025, the Company announced that its Board of Directors (the “Board”) approved a share repurchase program that allows the Company to purchase up to $75 million of its outstanding common stock through March 4, 2027, subject to market conditions. As of September 30, 2025, the Company has repurchased approximately $24 million under the program. The Company retires its common stock upon repurchase with the excess over par value allocated to additional paid-in capital.
Dividends
The Company declared and paid a quarterly dividend of $.09 per share of its common stock during the three months ended September 30, 2025. Subsequent to quarter end, the Company’s Board declared a cash dividend of $.09 per share of common stock payable on December 2, 2025 to stockholders of record as of the close of business on November 18, 2025.