Earnings (Loss) Per Common Share (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Computation of Basic and Diluted Earnings Per Share

The following table summarizes the computation of basic and diluted earnings per common share for the periods presented (in millions, except per share data):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Earnings (loss) per common share—basic
Numerator:
Net income (loss) from continuing operations	$	75.8	$	45.5	$	150.7	$	108.9
Income (loss) from discontinued operations, net of tax	(0.6)		(25.2)		17.6		(86.5)
Net income (loss)	$	75.2	$	20.3	$	168.3	$	22.4
Denominator:
Weighted-average common shares outstanding	179.7		183.8		181.7		183.6
Basic earnings (loss) per common share:
Continuing operations	$	0.42	$	0.25	$	0.83	$	0.59
Discontinued operations	$	—	$	(0.14)	$	0.10	$	(0.47)
Net earnings (loss) per common share	$	0.42	$	0.11	$	0.93	$	0.12
Earnings (loss) per common share—diluted
Numerator:
Net income (loss) from continuing operations	$	75.8	$	45.5	$	150.7	$	108.9
Add: Interest expense attributable to Convertible Notes, net of tax	0.6		1.7		2.2		3.3
Income (loss) from continuing operations and assumed conversions	76.4		47.2		152.9		112.2
Income (loss) from discontinued operations, net of tax	(0.6)		(25.2)		17.6		(86.5)
Net income (loss) attributable to earnings per common share	$	75.8	$	22.0	$	170.5	$	25.7
Denominator:
Weighted-average common shares outstanding—basic	179.7		183.8		181.7		183.6
Incremental shares for assumed conversion of Convertible Notes	5.0		14.7		9.8		14.7
Outstanding options, restricted stock units and performance share units	5.4		1.3		4.8		0.7
Weighted-average common shares outstanding—diluted	190.1		199.8		196.3		199.0
Diluted earnings (loss) per common share:
Continuing operations	$	0.40	$	0.24	$	0.78	$	0.56
Discontinued operations	$	—	$	(0.12)	$	0.09	$	(0.42)
Net diluted earnings (loss) per common share	$	0.40	$	0.11	$	0.87	$	0.13