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Earnings per Share (EPS) (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (In millions, except per share data)
Basic EPS numerator: |  |  |  |  |  |  |
Income from continuing operations, net of income taxes | $ | 204.1 |  |  | $ | 411.3 |  |  | $ | 488.2 |  |  | $ | 291.5 |
Less: Net income attributable to noncontrolling interests | 23.6 |  |  | 1.1 |  |  | 37.9 |  |  | — |
Income from continuing operations attributable to common stockholders | 180.5 |  |  | 410.2 |  |  | 450.3 |  |  | 291.5 |
Loss from discontinued operations, net of income taxes | (1.3) |  |  | (0.7) |  |  | (2.6) |  |  | (1.5) |
Net income attributable to common stockholders | $ | 179.2 |  |  | $ | 409.5 |  |  | $ | 447.7 |  |  | $ | 290.0 |
Diluted EPS numerator: |  |  |  |  |  |  |
Income from continuing operations, net of income taxes | $ | 204.1 |  |  | $ | 411.3 |  |  | $ | 488.2 |  |  | $ | 291.5 |
Add: Tax adjusted interest expense related to 2028 Convertible Notes | 3.5 |  |  | 2.5 |  |  | 6.1 |  |  | 3.5 |
Less: Net income attributable to noncontrolling interests | 23.6 |  |  | 1.1 |  |  | 37.9 |  |  | — |
Income from continuing operations attributable to common stockholders | 184.0 |  |  | 412.7 |  |  | 456.4 |  |  | 295.0 |
Loss from discontinued operations, net of income taxes | (1.3) |  |  | (0.7) |  |  | (2.6) |  |  | (1.5) |
Net income attributable to common stockholders | $ | 182.7 |  |  | $ | 412.0 |  |  | $ | 453.8 |  |  | $ | 293.5 |
EPS denominator: |  |  |  |  |  |  |
Weighted average shares outstanding — basic | 142.3 |  |  | 144.0 |  |  | 143.4 |  |  | 140.1 |
Dilutive impact of share-based compensation awards | 0.6 |  |  | 1.8 |  |  | 0.7 |  |  | 1.5 |
Dilutive impact of 2028 Convertible Notes | 16.1 |  |  | 16.1 |  |  | 16.1 |  |  | 10.9 |
Weighted average shares outstanding — diluted | 159.0 |  |  | 161.9 |  |  | 160.2 |  |  | 152.5 |
Basic EPS attributable to common stockholders: |  |  |  |  |  |  |
Income from continuing operations | $ | 1.27 |  |  | $ | 2.85 |  |  | $ | 3.14 |  |  | $ | 2.08 |
Loss from discontinued operations | (0.01) |  |  | (0.01) |  |  | (0.02) |  |  | (0.01) |
Net income attributable to common stockholders | $ | 1.26 |  |  | $ | 2.84 |  |  | $ | 3.12 |  |  | $ | 2.07 |
Diluted EPS attributable to common stockholders: |  |  |  |  |  |  |
Income from continuing operations | $ | 1.16 |  |  | $ | 2.55 |  |  | $ | 2.85 |  |  | $ | 1.93 |
Loss from discontinued operations | (0.01) |  |  | (0.01) |  |  | (0.02) |  |  | — |
Net income attributable to common stockholders | $ | 1.15 |  |  | $ | 2.54 |  |  | $ | 2.83 |  |  | $ | 1.93 |

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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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