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CAPITAL STOCK AND EARNINGS PER SHARE (Tables) | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
Schedule of Cash Dividends per Common Share | We declared and paid cash dividends per common share during the periods presented as follows:
| Dividend Per Common Share |  | Amount ($ in millions)
2023: |  |  |
First quarter | $ | 0.07 |  |  | $ | 24.7 |
Second quarter | 0.07 |  |  | 24.6 |
Third quarter | 0.07 |  |  | 24.6 |
Fourth quarter | 0.08 |  |  | 28.1 |
Total | $ | 0.29 |  |  | $ | 102.0 |
2022: |  |  |
First quarter | $ | 0.07 |  |  | $ | 25.1 |
Second quarter | 0.07 |  |  | 24.9 |
Third quarter | 0.07 |  |  | 24.8 |
Fourth quarter | 0.07 |  |  | 24.7 |
Total | $ | 0.28 |  |  | $ | 99.5 |
The sum of the components of total dividends paid may not equal the total amount due to rounding.
We declared and paid cash dividends on our MCPS during the periods presented as follows:
| Dividend Per Preferred Share |  | Amount ($ in millions)
2021: |  |  |
First quarter | $ | 12.50 |  |  | $ | 17.3 |
Second quarter | 12.50 |  |  | 17.2 |
Third quarter | — |  |  | — |
Fourth quarter | — |  |  | — |
Total | $ | 25.00 |  |  | $ | 34.5 |
Schedule of Earnings Per Share | Information related to the calculation of net earnings per share of common stock is summarized as follows ($ and shares in millions, except per share amounts):
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Numerator |  |  |  |  |
Net earnings from continuing operations | $ | 865.8 |  |  | $ | 755.2 |  |  | $ | 614.2 |
Mandatory convertible preferred stock cumulative dividends | — |  |  | — |  |  | (34.5) |
Net earnings attributable to common stockholders from continuing operations used in basic earnings per share | $ | 865.8 |  |  | $ | 755.2 |  |  | $ | 579.7 |
Add-back: Convertible note interest add-back (“if-converted” method) | — |  |  | 1.8 |  |  | — |
Net earnings attributable to common stockholders from continuing operations and assumed conversions used in diluted earnings per share | $ | 865.8 |  |  | $ | 757.0 |  |  | $ | 579.7 |
Denominator |  |  |  |  |
Weighted average common shares outstanding used in basic earnings per share | 352.5 |  |  | 356.4 |  |  | 349.0 |
Incremental common shares from: |  |  |  |  |
Assumed exercise of dilutive options and vesting of dilutive Stock Awards | 3.1 |  |  | 2.8 |  |  | 3.3 |
Conversion of convertible notes (if converted method) | — |  |  | 1.6 |  |  | — |
Weighted average common shares outstanding used in diluted earnings per share | 355.6 |  |  | 360.8 |  |  | 352.3 |
Net earnings from continuing operations per common share - Basic | $ | 2.46 |  |  | $ | 2.12 |  |  | $ | 1.66 |
Net earnings from continuing operations per common share - Diluted | $ | 2.43 |  |  | $ | 2.10 |  |  | $ | 1.65 |

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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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