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Earnings per Share (EPS) (Tables) | 9 Months Ended
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Sep. 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 September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (In millions, except per share data)
Basic EPS numerator: |  |  |  |  |  |  |
Income from continuing operations, net of income taxes | $ | 128.8 |  |  | $ | 384.4 |  |  | $ | 617.0 |  |  | $ | 675.9 |
Less: Net income attributable to noncontrolling interests | 11.4 |  |  | 8.5 |  |  | 49.3 |  |  | 8.5 |
Income from continuing operations attributable to common stockholders | 117.4 |  |  | 375.9 |  |  | 567.7 |  |  | 667.4 |
Income (loss) from discontinued operations, net of income taxes | 2.5 |  |  | (0.8) |  |  | (0.1) |  |  | (2.3) |
Net income attributable to common stockholders | $ | 119.9 |  |  | $ | 375.1 |  |  | $ | 567.6 |  |  | $ | 665.1 |
Diluted EPS numerator: |  |  |  |  |  |  |
Income from continuing operations, net of income taxes | $ | 128.8 |  |  | $ | 384.4 |  |  | $ | 617.0 |  |  | $ | 675.9 |
Add: Tax adjusted interest expense related to 2028 Convertible Notes | 3.0 |  |  | 2.6 |  |  | 9.1 |  |  | 6.1 |
Less: Net income attributable to noncontrolling interests | 11.4 |  |  | 8.5 |  |  | 49.3 |  |  | 8.5 |
Income from continuing operations attributable to common stockholders | 120.4 |  |  | 378.5 |  |  | 576.8 |  |  | 673.5 |
Income (loss) from discontinued operations, net of income taxes | 2.5 |  |  | (0.8) |  |  | (0.1) |  |  | (2.3) |
Net income attributable to common stockholders | $ | 122.9 |  |  | $ | 377.7 |  |  | $ | 576.7 |  |  | $ | 671.2 |
EPS denominator: |  |  |  |  |  |  |
Weighted average shares outstanding — basic | 133.2 |  |  | 144.1 |  |  | 140.0 |  |  | 141.4 |
Dilutive impact of share-based compensation awards | 0.6 |  |  | 1.7 |  |  | 0.6 |  |  | 1.6 |
Dilutive impact of 2028 Convertible Notes | 16.1 |  |  | 16.1 |  |  | 16.1 |  |  | 12.6 |
Weighted average shares outstanding — diluted | 149.9 |  |  | 161.9 |  |  | 156.7 |  |  | 155.6 |
Basic EPS attributable to common stockholders: |  |  |  |  |  |  |
Income from continuing operations | $ | 0.88 |  |  | $ | 2.61 |  |  | $ | 4.06 |  |  | $ | 4.72 |
Income (loss) from discontinued operations | 0.02 |  |  | (0.01) |  |  | (0.01) |  |  | (0.02) |
Net income attributable to common stockholders | $ | 0.90 |  |  | $ | 2.60 |  |  | $ | 4.05 |  |  | $ | 4.70 |
Diluted EPS attributable to common stockholders: |  |  |  |  |  |  |
Income from continuing operations | $ | 0.80 |  |  | $ | 2.34 |  |  | $ | 3.68 |  |  | $ | 4.33 |
Income (loss) from discontinued operations | 0.02 |  |  | (0.01) |  |  | — |  |  | (0.02) |
Net income attributable to common stockholders | $ | 0.82 |  |  | $ | 2.33 |  |  | $ | 3.68 |  |  | $ | 4.31 |

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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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