XML 46 R33.htm IDEA: XBRL DOCUMENT v3.23.2
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share

Three Months Ended

Six Months Ended

June 30,

June 30,

(In millions, except per share data)

2023

2022

2023

2022

Net Income

$

70

$

33

$

91

$

35

Weighted-average common shares outstanding:

81.4

82.1

81.5

82.2

Effect of dilutive securities:

RSUs(1)

0.3

—

0.3

—

Stock options(2)

—

0.1

—

0.2

Weighted-average common shares outstanding - assuming dilution:

81.8

82.2

81.8

82.4

Basic earnings per share

$

0.86

$

0.40

$

1.12

$

0.42

Diluted earnings per share

$

0.85

$

0.40

$

1.12

$

0.42

___________________________________

(1)RSUs of 74,736 shares and 1,009,556 shares for the three months ended June 30, 2023 and 2022, respectively, and 719,660 shares and 866,384 shares for the six months ended June 30, 2023 and 2022, respectively, were not included in the diluted earnings per share calculation because their effect would have been anti-dilutive.

(2)Stock options to purchase 1,489,773 shares and 1,630,293 shares for the three months ended June 30, 2023 and 2022, respectively, and 1,332,990 shares and 1,416,344 shares for the six months ended June 30, 2023 and 2022, respectively, were not included in the diluted earnings per share calculation because their effect would have been anti-dilutive. Performance options to purchase 785,119 shares and 89,836 shares for the three months ended June 30, 2023 and 2022, respectively, and 523,312 shares and 45,166 shares for the six months ended June 30, 2023 and 2022, respectively, were not included in the diluted earnings per share calculation because their effect would have been anti-dilutive.