XML 99 R15.htm IDEA: XBRL DOCUMENT
v3.24.2

EARNINGS PER SHARE | 6 Months Ended
--- | ---
Jun. 30, 2024
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:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions, except per share data) | 2024 | 2023 |  | 2024 | 2023
Net income | $ | 60 |  | $ | 83 |  |  | $ | 152 |  | $ | 214 |
Weighted average shares of common stock outstanding | 50 |  | 60 |  |  | 50 |  | 60 |
Basic EPS | $ | 1.21 |  | $ | 1.40 |  |  | $ | 3.01 |  | $ | 3.58 |
Net income | $ | 60 |  | $ | 83 |  |  | $ | 152 |  | $ | 214 |
Weighted average shares of common stock outstanding | 50 |  | 60 |  |  | 50 |  | 60 |
Dilutive effect of stock options and restricted stock units | 1 |  | — |  |  | 1 |  | — |
Weighted average shares of common stock outstanding | 51 |  | 60 |  |  | 51 |  | 60 |
Diluted EPS | $ | 1.20 |  | $ | 1.38 |  |  | $ | 2.98 |  | $ | 3.56 |
Common stock equivalents excluded from income per diluted share because of their anti-dilutive effect | 1 |  | — |  |  | 1 |  | 1 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration