XML 48 R35.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Earnings per Share (EPS) (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
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,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (In millions, except per share data)
Basic EPS numerator: |  |  |  |  |  |  |
Income from continuing operations, net of income taxes | $ | 210.8 |  |  | $ | 204.1 |  |  | $ | 256.5 |  |  | $ | 488.2 |
Less: Net income attributable to noncontrolling interests | 9.8 |  |  | 23.6 |  |  | 15.2 |  |  | 37.9 |
Income from continuing operations attributable to common stockholders | 201.0 |  |  | 180.5 |  |  | 241.3 |  |  | 450.3 |
Loss from discontinued operations, net of income taxes | (1.6) |  |  | (1.3) |  |  | (2.3) |  |  | (2.6) |
Net income attributable to common stockholders | $ | 199.4 |  |  | $ | 179.2 |  |  | $ | 239.0 |  |  | $ | 447.7 |
Diluted EPS numerator: |  |  |  |  |  |  |
Income from continuing operations, net of income taxes | $ | 210.8 |  |  | $ | 204.1 |  |  | $ | 256.5 |  |  | $ | 488.2 |
Add: Tax adjusted interest expense related to 2028 Convertible Notes | 3.0 |  |  | 3.5 |  |  | 6.1 |  |  | 6.1 |
Less: Net income attributable to noncontrolling interests | 9.8 |  |  | 23.6 |  |  | 15.2 |  |  | 37.9 |
Income from continuing operations attributable to common stockholders | 204.0 |  |  | 184.0 |  |  | 247.4 |  |  | 456.4 |
Loss from discontinued operations, net of income taxes | (1.6) |  |  | (1.3) |  |  | (2.3) |  |  | (2.6) |
Net income attributable to common stockholders | $ | 202.4 |  |  | $ | 182.7 |  |  | $ | 245.1 |  |  | $ | 453.8 |
EPS denominator: |  |  |  |  |  |  |
Weighted average shares outstanding — basic | 126.0 |  |  | 142.3 |  |  | 127.0 |  |  | 143.4 |
Dilutive impact of share-based compensation awards | 0.5 |  |  | 0.6 |  |  | 0.5 |  |  | 0.7 |
Dilutive impact of 2028 Convertible Notes | 16.3 |  |  | 16.1 |  |  | 16.3 |  |  | 16.1 |
Weighted average shares outstanding — diluted | 142.8 |  |  | 159.0 |  |  | 143.8 |  |  | 160.2 |
Basic EPS attributable to common stockholders: |  |  |  |  |  |  |
Income from continuing operations | $ | 1.59 |  |  | $ | 1.27 |  |  | $ | 1.90 |  |  | $ | 3.14 |
Loss from discontinued operations | (0.01) |  |  | (0.01) |  |  | (0.02) |  |  | (0.02) |
Net income attributable to common stockholders | $ | 1.58 |  |  | $ | 1.26 |  |  | $ | 1.88 |  |  | $ | 3.12 |
Diluted EPS attributable to common stockholders: |  |  |  |  |  |  |
Income from continuing operations | $ | 1.43 |  |  | $ | 1.16 |  |  | $ | 1.72 |  |  | $ | 2.85 |
Loss from discontinued operations | (0.01) |  |  | (0.01) |  |  | (0.02) |  |  | (0.02) |
Net income attributable to common stockholders | $ | 1.42 |  |  | $ | 1.15 |  |  | $ | 1.70 |  |  | $ | 2.83 |

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 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
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration