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Net Income Attributable to Company Per Share
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Net Income Attributable to Company Per Share

12. Net Income Attributable to Company Per Share

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

 

Three Months Ended

 

 

March 31,

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

Net income attributable to Company

$

73

 

 

$

119

 

Denominator:

 

 

 

 

 

Basic—weighted average common shares outstanding

 

381

 

 

 

394

 

Dilutive effect of employee stock options and other
unvested stock awards

 

2

 

 

 

3

 

Diluted—weighted average common shares outstanding

 

383

 

 

 

397

 

 

 

 

 

 

Net income attributable to Company per share:

 

 

 

 

 

Basic

$

0.19

 

 

$

0.30

 

Diluted

$

0.19

 

 

$

0.30

 

 

 

 

 

 

Cash dividends per share

$

0.075

 

 

$

0.05

 

Companies with unvested participating securities are required to utilize a two-class method for the computation of net income attributable to Company per share. The two-class method requires a portion of net income attributable to Company to be allocated to participating securities, which are unvested awards of share-based payments with non-forfeitable rights to receive dividends or dividend equivalents if declared. Net income attributable to the Company allocated to these participating securities was immaterial for each of the three months ended March 31, 2025 and 2024, respectively.

The Company had stock options outstanding that were anti-dilutive totaling 15 million for the three months ended March 31, 2025, compared to 17 million shares for the three months ended March 31, 2024.