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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six Months Ended June 30,
(in millions, except per share amounts) | 2024 |  | 2023 |  | 2024 |  | 2023
Numerator: |  |  |  |  |  |  |
Net Income Available to Common Shareholders | $ | 85.8 |  |  | $ | 39.9 |  |  | $ | 430.1 |  |  | $ | 359.1 |
Less: Income allocated to participating securities | 0.4 |  |  | — |  |  | 0.7 |  |  | 0.2 |
Net Income Available to Common Shareholders - Basic | 85.4 |  |  | 39.9 |  |  | 429.4 |  |  | 358.9 |
Add: Dilutive effect of Equity Units | — |  |  | 0.4 |  |  | — |  |  | 0.8 |
Net Income Available to Common Shareholders - Diluted | $ | 85.4 |  |  | $ | 40.3 |  |  | $ | 429.4 |  |  | $ | 359.7 |
Denominator: |  |  |  |  |  |  |
Average common shares outstanding - Basic | 448.5 |  |  | 413.3 |  |  | 448.2 |  |  | 413.1 |
Dilutive potential common shares: |  |  |  |  |  |  |
Equity Units purchase contracts | — |  |  | 31.3 |  |  | — |  |  | 31.2 |
Equity Units purchase contract payment balance | — |  |  | 1.2 |  |  | — |  |  | 1.5 |
Shares contingently issuable under employee stock plans | 0.7 |  |  | 0.6 |  |  | 0.8 |  |  | 0.7 |
Shares restricted under employee stock plans | 0.3 |  |  | 0.4 |  |  | 0.3 |  |  | 0.4 |
ATM forward agreements | 0.7 |  |  | — |  |  | 0.5 |  |  | — |
Average Common Shares - Diluted | 450.2 |  |  | 446.8 |  |  | 449.8 |  |  | 446.9 |
Earnings per common share: |  |  |  |  |  |  |
Basic | $ | 0.19 |  |  | $ | 0.10 |  |  | 0.96 |  | 0.87
Diluted | $ | 0.19 |  |  | $ | 0.09 |  |  | 0.95 |  | 0.80

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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