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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share

The computation of basic and diluted earnings per share is as follows:

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

(in millions, except per share amounts)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to the Company

 

$

109

 

 

$

302

 

 

$

207

 

 

$

536

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average shares

 

 

107.9

 

 

 

110.9

 

 

 

109.1

 

 

 

111.0

 

Effect of dilutive restricted stock units (“RSUs”)

 

 

0.2

 

 

 

0.3

 

 

 

0.3

 

 

 

0.3

 

Diluted weighted-average shares

 

 

108.1

 

 

 

111.2

 

 

 

109.4

 

 

 

111.3

 

Net income per share attributable to the Company’s stockholders (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.01

 

 

$

2.73

 

 

$

1.89

 

 

$

4.83

 

Diluted

 

$

1.01

 

 

$

2.72

 

 

$

1.89

 

 

$

4.81

 

 

 

(1)

Net income per share may not recalculate due to rounding.