Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

The following table presents the calculation of our basic and diluted EPS:


	Three Months Ended June 30,				Six Months Ended June 30,
(in millions, except per share amounts)	2023		2022		2023		2022
Numerator:
Net Income Available to Common Shareholders	$	39.9	$	53.2	$	359.1	$	466.2
Less: Income allocated to participating securities	—		—		0.2		—
Net Income Available to Common Shareholders - Basic	39.9		53.2		358.9		466.2
Add: Dilutive effect of Equity Units	0.4		0.5		0.8		1.0
Net Income Available to Common Shareholders - Diluted	$	40.3	$	53.7	$	359.7	$	467.2
Denominator:
Average common shares outstanding - Basic	413.3		406.4		413.1		406.2
Dilutive potential common shares:
Equity Units purchase contracts	31.3		27.9		31.2		28.5
Equity Units purchase contract payment balance	1.2		3.3		1.5		3.6
Shares contingently issuable under employee stock plans	0.6		1.0		0.7		1.0
Shares restricted under employee stock plans	0.4		0.4		0.4		0.4
ATM forward agreements	—		1.2		—		1.1
Average Common Shares - Diluted	446.8		440.2		446.9		440.8
Earnings per common share:
Basic	$	0.10	$	0.13	$	0.87	$	1.15
Diluted	$	0.09	$	0.12	$	0.80	$	1.06