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EARNINGS PER SHARE | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE The following tables present the calculation of our basic and diluted earnings per share (“EPS”) and the corresponding weighted average shares outstanding referenced in these calculations:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
($ and shares outstanding in millions, except per share amounts) | 2024 |  | 2023 |  | 2024 |  | 2023
Basic EPS: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income attributable to stockholders | $ | 29 |  |  | $ | 92 |  |  | $ | 27 |  |  | $ | 245 |
Denominator: |  |  |  |  |  |  |
Weighted average shares outstanding | 101.0 |  |  | 109.5 |  |  | 103.2 |  |  | 111.0 |
Basic EPS(1) | $ | 0.28 |  |  | $ | 0.84 |  |  | $ | 0.26 |  |  | $ | 2.21 |
Diluted EPS: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income attributable to stockholders | $ | 29 |  |  | $ | 92 |  |  | $ | 27 |  |  | $ | 245 |
Denominator: |  |  |  |  |  |  |
Weighted average shares outstanding | 102.0 |  |  | 110.9 |  |  | 104.4 |  |  | 112.6 |
Diluted EPS(1) | $ | 0.28 |  |  | $ | 0.83 |  |  | $ | 0.26 |  |  | $ | 2.18 |
Basic weighted average shares outstanding | 101.0 |  |  | 109.5 |  |  | 103.2 |  |  | 111.0 |
RSUs(2), PSUs(3), Options(4) and ESPP | 1.0 |  |  | 1.4 |  |  | 1.2 |  |  | 1.6 |
Diluted weighted average shares outstanding | 102.0 |  |  | 110.9 |  |  | 104.4 |  |  | 112.6 |
(1)Earnings per share amounts are calculated using whole numbers. (2) Excludes approximately 42,000 and 214,000 shares of RSUs that would have been anti-dilutive to EPS under the treasury stock method for the three and nine months ended September 30, 2024. Also excludes approximately 11,000 shares of RSUs that would have been anti-dilutive to EPS under the treasury stock method for the three months ended September 30, 2023. These RSUs could potentially dilute EPS in the future. There were no anti-dilutive RSUs for the nine months ended September 30, 2023. (3) Excludes approximately 14,000 and 9,000 shares of PSUs that would have been anti-dilutive to EPS under the treasury stock method for the three and nine months ended September 30, 2024. These PSUs could potentially dilute EPS in the future. There were no anti-dilutive PSUs for the three and nine months ended September 30, 2023. (4) Excludes approximately 1,209,000 and 1,120,000 shares of Options that would have been anti-dilutive to EPS under the treasury stock method for the three and nine months ended September 30, 2024. Also excludes approximately 854,000 and 663,000 shares of Options that would have been anti-dilutive to EPS under the treasury stock method for the three and nine months ended September 30, 2023. These Options could potentially dilute EPS in the future. Share Repurchases On May 3, 2023, our Board of Directors approved a share repurchase program authorizing the Company to repurchase up to an aggregate of $500 million of its outstanding shares of common stock over a two-year period (the “2023 Repurchase Plan”). On August 7, 2024, our Board of Directors approved a new share repurchase program authorizing us to repurchase up to an aggregate of $500 million of our outstanding shares of common stock over a two-year period (the “2024 Repurchase Plan”), which is in addition to the 2023 Share Repurchase Plan. The following table summarizes stock repurchase activity under the share repurchase program as of September 30, 2024:
(in millions) | Shares |  | Cost
As of December 31, 2023 | 4 |  |  | $ | 141 |
Repurchases | 7 |  |  | 307 |
As of September 30, 2024 | 11 |  |  | $ | 448 |
From October 1, 2024 through October 31, 2024, we repurchased approximately 1.4 million shares for $50 million. As of October 31, 2024, we had $503 million of remaining availability under the share repurchase programs, of which $3 million was under the 2023 Repurchase Plan and $500 million was under the 2024 Repurchase Plan.

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