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Earnings per share (EPS)

12 Months Ended

Dec. 31, 2021

Earnings per share ("EPS")

Earnings per share ("EPS")

Note 19 – Earnings per share (“EPS”)


		2021											2020
						Shares			Per Share							Shares			Per Share
			Net income			(in millions)			Amount				Net income			(in millions)			Amount
Basic earnings per share			$	733.7		191.1			$	3.84			$	326.2		190.3			$	1.71
Effect of dilutive securities				—		0.4				(0.01)				—		0.4				—
Diluted earnings per share			$	733.7		191.5			$	3.83			$	326.2		190.7			$	1.71

For the year ended December 31, 2021, a weighted average of 4,700 stock options (2020 –3,534 stock options) was excluded in the computation of diluted EPS due to being anti-dilutive. Further, for the year ended December 31, 2021, a weighted average of 61,594 stock options (2020 – 6,034 stock options) was excluded due to the strike price exceeding the average share price during the year. RSUs totaling 66,794 (2020 - 66,996 RSUs) were excluded from the computation of diluted EPS due to the performance criteria for the vesting of the RSUs not being measurable as at December 31, 2021.