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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,
 2024202320242023
(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 interests9.8 23.6 15.2 37.9 
Income from continuing operations attributable to common stockholders201.0 180.5 241.3 450.3 
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 Notes3.0 3.5 6.1 6.1 
Less: Net income attributable to noncontrolling interests9.8 23.6 15.2 37.9 
Income from continuing operations attributable to common stockholders204.0 184.0 247.4 456.4 
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 awards0.5 0.6 0.5 0.7 
Dilutive impact of 2028 Convertible Notes16.3 16.1 16.3 16.1 
Weighted average shares outstanding — diluted142.8 159.0 143.8 160.2 
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