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COMMON EQUITY (Tables)
9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Schedule of stock-based compensation awards granted
During the nine months ended September 30, 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 and nine months ended September 30, 2025 and 2024:
Three Months Ended September 30Nine Months Ended September 30
2025202420252024
Common stock shares outstanding at beginning of period321,866,395 316,079,401 317,680,855 315,434,531 
Shares issued:
At-the-market offering program3,075,416 — 6,579,783 — 
Stock-based compensation 196,997 137,936 587,111 300,602 
401(k)70,200 38,400 185,300 285,000 
Stock investment plan85,244 98,709 261,203 334,313 
Common stock shares outstanding at end of period325,294,252 316,354,446 325,294,252 316,354,446 
Schedule of Earnings Per Share, Basic and Diluted
The following table shows the computation of our basic and diluted EPS for the three and nine months ended September 30, 2025 and 2024:
Three Months Ended September 30Nine Months Ended September 30
(in millions)2025202420252024
Numerator:
Net income attributed to common shareholders$271.3 $240.1 $1,240.9 $1,073.7 
Denominator:
Weighted average basic shares outstanding323.5316.2320.7315.9
Dilutive effect of stock-based compensation awards0.5 0.3 0.5 0.3 
Dilutive effect of convertible senior notes1.6 — 1.2 — 
Weighted average diluted shares325.6 316.5 322.4 316.2 
Basic EPS$0.84 $0.76 $3.87 $3.40 
Diluted EPS$0.83 $0.76 $3.85 $3.40