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EARNINGS PER SHARE | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE Basic EPS is computed based on the weighted average shares of common stock outstanding during the period. Diluted EPS is computed based on those shares used in the basic EPS computation, plus potentially dilutive shares issuable under our equity-based compensation plans using the treasury stock method. Shares that are potentially anti-dilutive are excluded. The following table presents the computation of our basic and diluted EPS attributable to our common stock:
| Year Ended December 31,
(in millions, except per share data) | 2023 | 2022 | 2021
Net income | $ | 375 |  | $ | 355 |  | $ | 338 |
Weighted average shares of common stock outstanding | 57 |  | 63 |  | 66 |
Basic EPS | $ | 6.61 |  | $ | 5.66 |  | $ | 5.13 |
Net income | $ | 375 |  | $ | 355 |  | $ | 338 |
Weighted average shares of common stock outstanding | 57 |  | 63 |  | 66 |
Dilutive effect of stock options and restricted stock units | — |  | 1 |  | 1 |
Weighted average shares of common stock outstanding | 57 |  | 64 |  | 67 |
Diluted EPS | $ | 6.56 |  | $ | 5.61 |  | $ | 5.07 |
Common stock equivalents excluded from income per diluted share because of their anti-dilutive effect | 1 |  | 2 |  | 1 |

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