Earnings per Share (EPS) (Tables)

9 Months Ended

Sep. 30, 2020

The following illustrates the earnings allocation method utilized in the calculation of basic and diluted EPS.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(In millions, except per share data)
EPS numerator:
(Loss) income from continuing operations, net of income taxes	$	(64.8)	$	(74.3)	$	(1,739.4)	$	101.9
Less: Net income (loss) attributable to noncontrolling interests	0.1		4.7		(5.1)		12.8
(Loss) income from continuing operations attributable to common stockholders	(64.9)		(79.0)		(1,734.3)		89.1


Loss from discontinued operations, net of income taxes	(2.3)		(3.8)		(6.8)		(10.6)


Net (loss) income attributable to common stockholders	$	(67.2)	$	(82.8)	$	(1,741.1)	$	78.5

EPS denominator:
Weighted average shares outstanding — basic	97.9		102.2		97.6		105.9
Impact of dilutive securities	—		—		—		1.5
Weighted average shares outstanding — diluted	97.9		102.2		97.6		107.4

Basic EPS attributable to common stockholders:
(Loss) income from continuing operations	$	(0.66)	$	(0.77)	$	(17.76)	$	0.84
Loss from discontinued operations	(0.03)		(0.04)		(0.07)		(0.10)
Net (loss) income attributable to common stockholders	$	(0.69)	$	(0.81)	$	(17.83)	$	0.74

Diluted EPS attributable to common stockholders:
(Loss) income from continuing operations	$	(0.66)	$	(0.77)	$	(17.76)	$	0.83
Loss from discontinued operations	(0.03)		(0.04)		(0.07)		(0.10)
Net (loss) income attributable to common stockholders	$	(0.69)	$	(0.81)	$	(17.83)	$	0.73