XML 42 R31.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table presents the calculation of our basic and diluted EPS:
Three Months Ended
March 31,
(in millions, except per share amounts)20242023
Numerator:
Net Income Available to Common Shareholders
$344.3 $319.2 
Less: Income allocated to participating securities0.3 0.2 
Net Income Available to Common Shareholders - Basic
344.0 319.0 
Add: Dilutive effect of Equity Units— 0.4 
Net Income Available to Common Shareholders - Diluted
$344.0 $319.4 
Denominator:
Average common shares outstanding - Basic447.9 412.8 
Dilutive potential common shares:
Equity Units purchase contracts— 31.2 
Equity Units purchase contract payment balance— 1.8 
Shares contingently issuable under employee stock plans0.9 0.8 
Shares restricted under employee stock plans0.4 0.5 
ATM forward agreement
0.2 — 
Average Common Shares - Diluted449.4 447.1 
Earnings per common share:
Basic0.770.77
Diluted0.770.71