Earnings Per Common Share

3 Months Ended

Mar. 31, 2022

Earnings Per Common Share

Earnings Per Common Share

14. Earnings Per Common Share

The computations of the basic and diluted per share amounts were as follows:

	For the three months ended
	March 31,
	2022		2021
	(in millions, except per share data)
Net income	$	380.7	$	516.3
Subtract:
Net income (loss) attributable to noncontrolling interest		4.5		(0.8)
Adjustments to redemption amounts of redeemable noncontrolling interests		—		1.9
Total	$	376.2	$	515.2
Weighted-average shares outstanding:
Basic		259.4		272.9
Dilutive effects:
Stock options		1.6		0.8
Restricted stock units		2.3		2.0
Performance share awards		0.5		0.3
Diluted		263.8		276.0
Net income per common share:
Basic	$	1.45	$	1.89
Diluted	$	1.43	$	1.87

The calculation of diluted earnings per share for the three months ended March 31, 2022 and 2021, excludes the incremental effects related to certain outstanding stock-based compensation grants and an accelerated share repurchase program due to their anti-dilutive effect.