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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)2024202320242023
Net income$60 $83 $152 $214 
Weighted average shares of common stock outstanding50 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 outstanding50 60 50 60 
Dilutive effect of stock options and restricted stock units1 — 1 — 
Weighted average shares of common stock outstanding51 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
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