XML 51 R39.htm IDEA: XBRL DOCUMENT v3.25.1
COMMON EQUITY (Tables)
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Schedule of stock-based compensation awards granted
During the three months ended March 31, 2025, the Compensation Committee of our Board of Directors awarded the following stock-based compensation to our directors, officers, and certain other key employees:
Award TypeNumber of Awards
Stock options (1)
231,024 
Restricted shares (2)
79,170 
Performance units185,945 

(1)Stock options awarded had a weighted-average exercise price of $94.55 and a weighted-average grant date fair value of $18.23 per option.

(2)Restricted shares awarded had a weighted-average grant date fair value of $94.55 per share.
Schedule of Common Stock Outstanding Roll Forward
We had the following changes to our outstanding common stock during the three months ended March 31, 2025 and 2024:
Three Months Ended March 31, 2025Three Months Ended March 31, 2024
Common stock shares outstanding at beginning of period317,680,855 315,434,531 
Shares issued:
At-the-market offering program977,824 — 
Stock-based compensation 342,711 142,178 
401(k)43,300 124,300 
Stock investment plan88,811 121,578 
Common stock shares outstanding at end of period319,133,501 315,822,587 
Schedule of Earnings Per Share, Basic and Diluted
The following table shows the computation of our basic and diluted EPS for the three months ended March 31, 2025 and 2024:
(in millions)Three Months Ended March 31, 2025Three Months Ended March 31, 2024
Numerator:
Net income attributed to common shareholders$724.2 $622.3 
Denominator:
Weighted average basic shares outstanding318.2315.6
Dilutive effect of stock-based compensation awards0.5 0.3 
Dilutive effect of convertible senior notes0.6 — 
Weighted average diluted shares319.3 315.9 
Basic EPS$2.28 $1.97 
Diluted EPS$2.27 $1.97