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EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net Income per Share

Basic and diluted net income per share of common stock for the three and six months ended June 30, 2023 was calculated as follows:

FOR THE PERIODS ENDED JUNE 30, (MILLIONS)			Three Months Ended												Six Months Ended
			2023						2023						2023						2023
			Class A Shares						Class B Shares						Class A Shares						Class B Shares
Numerator
Net income			$	109					$	—					$	234					$	—
Denominator
Weighted average of common stock outstanding - basic			392.1						—						393.5						—
Dilutive effect of conversion of options and escrowed shares using treasury stock method			4.2						—						6.1						—
Weighted average of common stock outstanding - diluted			396.3						—						399.6						—
Net Income per Share
Earnings per share - basic			$	0.28					$	0.28					$	0.59					$	0.59
Earnings per share - diluted			0.28						0.28						0.59						0.59

Schedule of Weighted Average Potentially Dilutive Securities

The following weighted average potentially dilutive securities were evaluated under the treasury stock method for potentially dilutive effects and have been excluded in the above computation of diluted net income per share attributable to common shareholders for the period presented due to their anti-dilutive effect:

FOR THE PERIODS ENDED JUNE 30, (MILLIONS)			Three Months Ended						Six Months Ended
			2023						2023
Management stock options of the Manager issued and allocated			10.6						7.8
Escrow shares of the Manager issued and allocated			4.9						3.7
Restricted shares of the Manager issued and allocated			—						—
Total			15.5						11.5

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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