Net Income per Share

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Net Income per Share

Note 12. Net Income per Share

The Company computed basic and diluted net income per share as follows (in millions, except per share amounts):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Numerator:
Net income	$	76.1	$	121.5	$	185.9	$	290.6
Denominator:
Weighted-average shares used to compute basic net income per share	319.3		322.8		320.3		321.8
Dilutive effect of employee stock awards	4.5		6.1		6.0		7.5
Weighted-average shares used to compute diluted net income per share	323.8		328.9		326.3		329.3
Net income per share:
Basic	$	0.24	$	0.38	$	0.58	$	0.90
Diluted	$	0.24	$	0.37	$	0.57	$	0.88
Anti-dilutive shares	8.2		5.0		6.7		1.9