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Earnings per share (Tables)
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted EPS under Two-class Method

The computation of basic and diluted earnings per share is set forth in the table below. Anti-dilutive shares outstanding were immaterial for all periods presented below.

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(In millions, except per share amounts)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to controlling interest

 

$

175

 

 

$

138

 

 

$

509

 

 

$

403

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic: Weighted average common stock

 

 

76.4

 

 

 

79.2

 

 

 

77.0

 

 

 

80.7

 

Add: Weighted average stock options/share awards

 

 

0.3

 

 

 

0.1

 

 

 

0.3

 

 

 

0.2

 

Diluted weighted average common stock:

 

 

76.7

 

 

 

79.3

 

 

 

77.3

 

 

 

80.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings per share - basic

 

$

2.29

 

 

$

1.75

 

 

$

6.61

 

 

$

4.99

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings per share - diluted

 

$

2.28

 

 

$

1.74

 

 

$

6.59

 

 

$

4.98