Net Earnings Per Common Share

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Net Earnings Per Common Share

Net Earnings Per Common ShareThe following table shows the calculation of basic and diluted net earnings per common share:

	Three Months Ended June 30,				Six Months Ended June 30,
(In millions, except per share amounts)	2023		2022		2023		2022
Basic Net Earnings Per Common Share:
Numerator:
Net earnings	$	99.1	$	113.9	$	161.0	$	263.1
Distributed and allocated undistributed net earnings to unvested restricted stockholders	—		—		—		—
Net earnings available to common stockholders	$	99.1	$	113.9	$	161.0	$	263.1
Denominator:
Weighted average number of common shares outstanding - basic	144.5		146.0		144.3		146.8
Basic net earnings per common share:
Basic net earnings per common share	$	0.69	$	0.78	$	1.12	$	1.79
Diluted Net Earnings Per Common Share:
Numerator:
Net earnings available to common stockholders	$	99.1	$	113.9	$	161.0	$	263.1
Denominator:
Weighted average number of common shares outstanding - basic	144.5		146.0		144.3		146.8
Effect of dilutive stock shares and units	0.3		1.5		0.5		1.7
Weighted average number of common shares outstanding - diluted under treasury stock	144.8		147.5		144.8		148.5
Diluted net earnings per common share	$	0.68	$	0.77	$	1.11	$	1.77