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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share

A summary of the calculations of our basic and diluted earnings per share is as follows:

 

 

 

Three Months Ended

 

 

 

March 31,

 

(In millions, except per share data)

 

2026

 

 

2025

 

Net Income

 

$

 

41

 

 

$

 

37

 

Weighted-average common shares outstanding:

 

 

 

70.6

 

 

 

 

74.7

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

RSUs(1)

 

 

 

0.9

 

 

 

 

0.9

 

Stock options(2)

 

 

 

0.4

 

 

 

 

0.3

 

Performance options

 

 

 

0.3

 

 

 

 

0.3

 

Weighted-average common shares outstanding - assuming dilution:

 

 

 

72.2

 

 

 

 

76.3

 

Basic earnings per share

 

$

 

0.58

 

 

$

 

0.50

 

Diluted earnings per share

 

$

 

0.57

 

 

$

 

0.49

 

 

(1)
RSUs of 12,405 shares and 9,400 shares for the three months ended March 31, 2026 and 2025, respectively were not included in the diluted earnings per share calculation because their effect would have been anti-dilutive.
(2)
Stock options to purchase 12,488 shares and 102,520 shares for the three months ended March 31, 2026 and 2025, respectively, were not included in the diluted earnings per share calculation because their effect would have been anti-dilutive.