First Quarter

(In millions, except per share amounts)

2024

2023

Basic Earnings Per Share

Numerator:

Net income from continuing operations

$

15

$

72

Income from discontinued operations, net of tax

—

—

Net income

$

15

$

72

Denominator:

Weighted-average shares outstanding

37

40

Basic earnings per share

Continuing operations

$

0.42

$

1.79

Discontinued operations

—

—

Net basic earnings per share

$

0.42

$

1.79

Diluted Earnings Per Share

Numerator:

Net income from continuing operations

$

15

$

72

Income from discontinued operations, net of tax

—

—

Net income

$

15

$

72

Denominator:

Weighted-average shares outstanding

37

40

Effect of dilutive securities:

Stock options and restricted stock

1

2

Diluted weighted-average shares outstanding

38

42

Diluted earnings per share

Continuing operations

$

0.40

$

1.71

Discontinued operations

—

—

Net diluted earnings per share

$

0.40

$

1.71