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Net Income Attributable to Company Per Share (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Computation of Weighted Average Basic and Diluted Shares Outstanding

The following table sets forth the computation of weighted average basic and diluted shares outstanding (in millions, except per share data):

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

September 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Company

$

130

 

 

$

114

 

 

$

475

 

 

$

395

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Basic—weighted average common shares outstanding

 

392

 

 

 

393

 

 

 

394

 

 

 

393

 

Dilutive effect of employee stock options and other
unvested stock awards

 

3

 

 

 

3

 

 

 

3

 

 

 

3

 

Diluted outstanding shares

 

395

 

 

 

396

 

 

 

397

 

 

 

396

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Company per share:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.33

 

 

$

0.29

 

 

$

1.21

 

 

$

1.01

 

Diluted

$

0.33

 

 

$

0.29

 

 

$

1.20

 

 

$

1.00

 

 

 

 

 

 

 

 

 

 

 

 

Cash dividends per share

$

0.075

 

 

$

0.05

 

 

$

0.20

 

 

$

0.15