v3.25.4
Earnings Per Share, Stock Repurchases, and Dividends
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Earnings Per Share, Stock Repurchases, and Dividends Earnings Per Share, Stock Repurchases, and Dividends
EPS
Year Ended December 31,
(In millions, except per share amounts)202520242023
Net earnings
$278 $213 $168 
Basic weighted average number of shares outstanding265.9 263.7 261.5 
Impact of dilutive stock-based awards2.8 4.0 2.7 
Diluted weighted average number of shares outstanding268.7 267.7 264.2 
Basic earnings per share$1.05 $0.81 $0.64 
Diluted earnings per share$1.03 $0.80 $0.64 
The computation of diluted EPS includes the dilutive effect of outstanding stock-based compensation awards (which primarily consist of employee stock options, RSUs and PRSUs).
Stock Repurchases
On February 20, 2025, the Company announced that its Board of Directors (the “Board”) approved a stock 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 December 31, 2025, the
Company has repurchased approximately $35 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 each quarter during 2025. Subsequent to quarter end, the Company’s Board declared a cash dividend of $.09 per share of common stock payable on March 24, 2026 to stockholders of record as of the close of business on March 10, 2026.