Third Quarter

Year-to-Date

(In millions, except per share amounts)

2024

2023

2024

2023

Basic Earnings (Loss) Per Share

Numerator:

Net income from continuing operations

$

68

$

82

$

95

$

208

Loss from discontinued operations, net of tax

(10

)

(12

)

(95

)

(32

)

Net income

$

58

$

70

$

—

$

176

Denominator:

Weighted-average shares outstanding

33

38

35

39

Basic earnings (loss) per share

Continuing operations

$

2.06

$

2.14

$

2.72

$

5.34

Discontinued operations

(0.31

)

(0.31

)

(2.71

)

(0.82

)

Net basic earnings per share

$

1.75

$

1.83

$

0.01

$

4.52

Diluted Earnings (Loss) Per Share

Numerator:

Net income from continuing operations

$

68

$

82

$

95

$

208

Loss from discontinued operations, net of tax

(10

)

(12

)

(95

)

(32

)

Net income

$

58

$

70

$

—

$

176

Denominator:

Weighted-average shares outstanding

33

38

35

39

Effect of dilutive securities:

Stock options and restricted stock

—

1

1

1

Diluted weighted-average shares outstanding

33

39

36

40

Diluted earnings (loss) per share

Continuing operations

$

2.04

$

2.09

$

2.65

$

5.18

Discontinued operations

(0.31

)

(0.30

)

(2.64

)

(0.80

)

Net diluted earnings per share

$

1.73

$

1.79

$

0.01

$

4.38