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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2022
12. Earnings Per Share  
Computation of basic and diluted earnings per share
The following table reconciles the computation of basic and diluted earnings per share:
For the
Year ended December 31
millions of dollars (except per share amounts)
2022
2021
Numerator
Net income attributable to common shareholders
$
 
945.1
$
 
510.5
Diluted numerator
 
945.1
 
510.5
Denominator
Weighted average shares of common stock outstanding
 
 
265.5
 
255.9
Weighted average deferred share units outstanding
 
(1)
-
 
 
1.3
Weighted average shares of common stock outstanding – basic
 
265.5
 
257.2
Stock-based compensation
 
 
0.4
 
0.4
Weighted average shares of common stock outstanding – diluted
 
265.9
 
257.6
Earnings per common share
Basic
 
$
 
3.56
$
 
1.98
Diluted
$
 
3.55
$
 
1.98
(1) Effective February 10, 2022, deferred share units are no longer able to be settled in shares and are
 
therefore no longer included
in the calculation of earnings per common share.