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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 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 September 30, |  | Nine Months Ended September 30,
(in millions, except per share amounts) | 2024 |  | 2023 |  | 2024 |  | 2023
Numerator: |  |  |  |  |  |  |
Net Income Available to Common Shareholders | $ | 85.7 |  |  | $ | 77.0 |  |  | $ | 515.8 |  |  | $ | 436.1 |
Less: Income allocated to participating securities | 0.2 |  |  | 0.1 |  |  | 0.9 |  |  | 0.3 |
Net Income Available to Common Shareholders - Basic | 85.5 |  |  | 76.9 |  |  | 514.9 |  |  | 435.8 |
Add: Dilutive effect of Equity Units | — |  |  | 0.4 |  |  | — |  |  | 1.2 |
Net Income Available to Common Shareholders - Diluted | $ | 85.5 |  |  | $ | 77.3 |  |  | $ | 514.9 |  |  | $ | 437.0 |
Denominator: |  |  |  |  |  |  |
Average common shares outstanding - Basic | 451.9 |  |  | 413.5 |  |  | 449.4 |  |  | 413.2 |
Dilutive potential common shares: |  |  |  |  |  |  |
Equity Units purchase contracts | — |  |  | 33.1 |  |  | — |  |  | 31.9 |
Equity Units purchase contract payment balance | — |  |  | 0.6 |  |  | — |  |  | 1.2 |
Shares contingently issuable under employee stock plans | 0.9 |  |  | 0.7 |  |  | 0.9 |  |  | 0.7 |
Shares restricted under employee stock plans | 0.3 |  |  | 0.4 |  |  | 0.3 |  |  | 0.4 |
ATM forward sale agreements | 1.4 |  |  | — |  |  | 0.8 |  |  | — |
Average Common Shares - Diluted | 454.5 |  |  | 448.3 |  |  | 451.4 |  |  | 447.4 |
Earnings per common share: |  |  |  |  |  |  |
Basic | $ | 0.19 |  |  | $ | 0.19 |  |  | 1.15 |  | 1.05
Diluted | $ | 0.19 |  |  | $ | 0.17 |  |  | 1.14 |  | 0.98

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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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