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Earnings per Share ("EPS")

6 Months Ended

Jun. 30, 2023

Note 17 - Earnings per Share ("EPS")


	For the three months ended June 30,
	2023						2022
				Shares	Per Share				Shares	Per Share
		Net income		(in millions)	Amount		Net income		(in millions)	Amount
Basic earnings per share		$	184.5	191.9	$	0.96	$	196.5	191.5	$	1.03
Effect of dilutive securities			—	0.3		—		—	0.4		(0.01)
Diluted earnings per share		$	184.5	192.2	$	0.96	$	196.5	191.9	$	1.02


	For the six months ended June 30,
	2023						2022
				Shares	Per Share				Shares	Per Share
		Net income		(in millions)	Amount		Net income		(in millions)	Amount
Basic earnings per share		$	341.0	191.9	$	1.78	$	378.5	191.4	$	1.98
Effect of dilutive securities			—	0.3		(0.01)		—	0.4		(0.01)
Diluted earnings per share		$	341.0	192.2	$	1.77	$	378.5	191.8	$	1.97

For the three months ended June 30, 2023, 59,636 stock options (Q2 2022 – 109,948 stock options) were excluded from the computation of diluted EPS as their impact would have been anti-dilutive. For the six months ended June 30, 2023, 47,767 stock options (H1 2022 – 109,948 stock options) were excluded from the computation of diluted EPS as their impact would have been anti-dilutive.