EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2025

Reconciliation of Basic and Diluted Net Income Per Common Share

The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2025 and 2024 (in millions, except per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Basic earnings per share numerator:
Net income	$	300.8	$	218.5	$	786.5	$	568.4
Net income allocated to participating securities	(1.5)		(1.1)		(3.9)		(3.0)
Net income allocated to common stockholders	$	299.3	$	217.4	$	782.6	$	565.4
Basic earnings per share denominator:
Weighted average shares outstanding	104.6		104.7		104.7		105.2
Basic earnings per share	$	2.86	$	2.08	$	7.47	$	5.38

Diluted earnings per share numerator:
Net income	$	300.8	$	218.5	$	786.5	$	568.4
Net income allocated to participating securities	(1.5)		(1.1)		(3.9)		(3.0)
Net income allocated to common stockholders	$	299.3	$	217.4	$	782.6	$	565.4
Diluted earnings per share denominator:
Weighted average shares outstanding	104.6		104.7		104.7		105.2
Dilutive common shares issued under stock program	0.3		0.4		0.4		0.4
Total dilutive weighted average shares	104.9		105.1		105.1		105.6
Diluted earnings per share	$	2.85	$	2.07	$	7.45	$	5.36