Earnings Per Common Share

3 Months Ended

Mar. 31, 2023

Earnings Per Common Share

Earnings Per Common Share

20. Earnings Per Common Share

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

	For the three months ended
	March 31,
	2023		2022
	(in millions, except per share data)
Net income (loss)	$	(134.5)	$	343.2
Subtract:
Net income attributable to noncontrolling interest		5.6		4.5
Total	$	(140.1)	$	338.7
Weighted-average shares outstanding:
Basic		243.4		259.4
Dilutive effects:
Stock options		—		1.6
Restricted stock units		—		2.3
Performance share awards		—		0.5
Diluted		243.4		263.8
Net income (loss) per common share:
Basic	$	(0.58)	$	1.31
Diluted	$	(0.58)	$	1.28

The calculation of diluted earnings per share for the three months ended March 31, 2023 and 2022, excludes the incremental effects related to certain outstanding stock-based compensation grants and an accelerated share repurchase program due to their anti-dilutive effect.