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Earnings per Share (EPS) (Tables) | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Earnings Allocation Method Utilized in the Calculation of Basic and Diluted EPS | The following illustrates the earnings allocation method utilized in the calculation of basic and diluted EPS.
|  |  | Three Months Ended March 31,
|  |  |  |  | 2023 |  | 2022
|  |  |  |  | (In millions, except per share data)
Basic EPS numerator: |  |  |  |  |  |  |
Income (loss) from continuing operations, net of income taxes |  |  |  |  | $ | 284.1 |  |  | $ | (119.8) |
Less: Net income (loss) attributable to noncontrolling interests |  |  |  |  | 14.3 |  |  | (1.1) |
Income (loss) from continuing operations attributable to common stockholders |  |  |  |  | 269.8 |  |  | (118.7) |
Loss from discontinued operations, net of income taxes |  |  |  |  | (1.3) |  |  | (0.8) |
Net income (loss) attributable to common stockholders |  |  |  |  | $ | 268.5 |  |  | $ | (119.5) |
Diluted EPS numerator: |  |  |  |  |  |  |
Income (loss) from continuing operations, net of income taxes |  |  |  |  | $ | 284.1 |  |  | $ | (119.8) |
Add: Tax adjusted interest expense related to 2028 Convertible Notes |  |  |  |  | 2.6 |  |  | — |
Less: Net income (loss) attributable to noncontrolling interests |  |  |  |  | 14.3 |  |  | (1.1) |
Income (loss) from continuing operations attributable to common stockholders |  |  |  |  | 272.4 |  |  | (118.7) |
Loss from discontinued operations, net of income taxes |  |  |  |  | (1.3) |  |  | (0.8) |
Net income (loss) attributable to common stockholders |  |  |  |  | $ | 271.1 |  |  | $ | (119.5) |
EPS denominator: |  |  |  |  |  |  |
Weighted average shares outstanding — basic |  |  |  |  | 144.6 |  |  | 136.2 |
Dilutive impact of share-based compensation awards |  |  |  |  | 0.7 |  |  | — |
Dilutive impact of 2028 Convertible Notes |  |  |  |  | 16.1 |  |  | — |
Weighted average shares outstanding — diluted |  |  |  |  | 161.4 |  |  | 136.2 |
Basic EPS attributable to common stockholders: |  |  |  |  |  |  |
Income (loss) from continuing operations |  |  |  |  | $ | 1.87 |  |  | $ | (0.87) |
Loss from discontinued operations |  |  |  |  | (0.01) |  |  | (0.01) |
Net income (loss) attributable to common stockholders |  |  |  |  | $ | 1.86 |  |  | $ | (0.88) |
Diluted EPS attributable to common stockholders: |  |  |  |  |  |  |
Income (loss) from continuing operations |  |  |  |  | $ | 1.69 |  |  | $ | (0.87) |
Loss from discontinued operations |  |  |  |  | (0.01) |  |  | (0.01) |
Net income (loss) attributable to common stockholders |  |  |  |  | $ | 1.68 |  |  | $ | (0.88) |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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