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Earnings per Share (EPS) (Tables) | 12 Months Ended
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Dec. 31, 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:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (In millions, except per share data)
Basic EPS numerator: |  |  |  |  |
Income from continuing operations, net of income taxes | $ | 407.3 |  |  | $ | 816.0 |  |  | $ | 1,317.4 |
Less: Net income attributable to noncontrolling interests | 32.6 |  |  | 56.0 |  |  | 22.0 |
Income from continuing operations attributable to common stockholders | 374.7 |  |  | 760.0 |  |  | 1,295.4 |
(Loss) income from discontinued operations, net of income taxes | (3.8) |  |  | (0.4) |  |  | 1.7 |
Net income attributable to common stockholders | $ | 370.9 |  |  | $ | 759.6 |  |  | $ | 1,297.1 |
Diluted EPS numerator: |  |  |  |  |
Income from continuing operations, net of income taxes | $ | 407.3 |  |  | $ | 816.0 |  |  | $ | 1,317.4 |
Add: Tax adjusted interest expense related to 2028 Convertible Notes | 12.2 |  |  | 12.2 |  |  | 8.7 |
Less: Net income attributable to noncontrolling interests | 32.6 |  |  | 56.0 |  |  | 22.0 |
Income from continuing operations attributable to common stockholders | 386.9 |  |  | 772.2 |  |  | 1,304.1 |
(Loss) income from discontinued operations, net of income taxes | (3.8) |  |  | (0.4) |  |  | 1.7 |
Net income attributable to common stockholders | $ | 383.1 |  |  | $ | 771.8 |  |  | $ | 1,305.8 |
EPS denominator: |  |  |  |  |
Weighted average shares outstanding — basic | 125.1 |  |  | 137.6 |  |  | 142.1 |
Dilutive impact of share-based compensation awards | 0.5 |  |  | 0.6 |  |  | 1.6 |
Dilutive impact of 2028 Convertible Notes | 16.3 |  |  | 16.1 |  |  | 13.5 |
Weighted average shares outstanding — diluted | 141.9 |  |  | 154.3 |  |  | 157.2 |
Basic EPS attributable to common stockholders: |  |  |  |  |
Income from continuing operations | $ | 2.99 |  |  | $ | 5.52 |  |  | $ | 9.12 |
(Loss) income from discontinued operations | (0.03) |  |  | — |  |  | 0.01 |
Net income attributable to common stockholders | $ | 2.96 |  |  | $ | 5.52 |  |  | $ | 9.13 |
Diluted EPS attributable to common stockholders: |  |  |  |  |
Income from continuing operations | $ | 2.73 |  |  | $ | 5.00 |  |  | $ | 8.29 |
(Loss) income from discontinued operations | (0.03) |  |  | — |  |  | 0.02 |
Net income attributable to common stockholders | $ | 2.70 |  |  | $ | 5.00 |  |  | $ | 8.31 |

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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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