Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Computations of basic and diluted loss per share for loss from continuing operations

The computations of basic and diluted earnings per share were as follows (in millions, except per share data):


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2023		2022		2023		2022
Net income	$	130.4	$	141.9	$	445.6	$	402.7



Weighted-average shares outstanding – basic	35.5		35.4		35.5		35.8
Add: Potential effect of dilutive securities attributable to stock-based payments	0.2		0.1		0.1		0.1
Weighted-average shares outstanding – diluted	35.7		35.5		35.6		35.9




Earnings per share – Basic:	$	3.67	$	4.00	$	12.55	$	11.25




Earnings per share – Diluted:	$	3.65	$	3.99	$	12.51	$	11.22

Stock appreciation rights were outstanding, but not included in the diluted loss per share calculation

The following stock appreciation rights and restricted stock units were outstanding but not included in the diluted earnings per share calculation because the assumed exercise of such rights would have been anti-dilutive (in millions, except for per share data):


	For the Three Months Ended September 30,		For the Nine Months Ended September 30,
	2023	2022	2023	2022
Weighted-average number of shares	0.1	0.3	0.1	0.3