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Earnings Per Common Share

12 Months Ended

Dec. 31, 2024

Earnings Per Common Share

Earnings Per Common Share

23. Earnings Per Common Share

The computations of the basic and diluted per share amounts were as follows:

​

​	​	​	​	​	​	​	​	​	​	​
​	​	For the year ended December 31,
​		2024			2023			2022
​	​	(in millions, except per share data)
Net income	​	$	1,597.9	​	$	670.1	​	$	4,797.5	​
Subtract:	​	​	​	​	​	​	​	​	​	​
Net income attributable to noncontrolling interest	​	​	26.9	​		46.9	​		40.6	​
Total	​	$	1,571.0	​	$	623.2	​	$	4,756.9	​
Weighted-average shares outstanding:	​	​	​	​	​	​	​	​	​	​
Basic	​	​	232.0	​		241.3	​		251.1	​
Dilutive effects:	​	​	​	​	​	​	​	​	​	​
Stock options	​	​	0.8	​		0.9	​		1.5	​
Restricted stock units	​	​	2.0	​		2.0	​		2.2	​
Performance share awards	​	​	0.5	​		0.4	​		0.5	​
Diluted	​	​	235.3	​		244.6	​		255.3	​
Net income per common share:	​	​	​	​	​	​	​	​	​	​
Basic	​	$	6.77	​	$	2.58	​	$	18.94	​
Diluted	​	$	6.68	​	$	2.55	​	$	18.63	​

​

The calculation of diluted earnings per share for the years ended December 31, 2024, 2023 and 2022, excludes the incremental effect related to certain outstanding stock-based compensation grants due to their anti-dilutive effect. When a net loss is reported, our basic weighted-average shares are used to calculate diluted earnings per share, as dilutive shares would have an antidilutive effect and result in a lower loss per share.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-3

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