Earnings Per Share

6 Months Ended

Jun. 30, 2022

EARNINGS PER SHARE

Basic and diluted earnings per common share were calculated as follows:


	Three Months Ended June 30				Six Months Ended June 30
(in millions, except per share amounts)	2022		2021		2022		2021
Net earnings	$	178	$	129	$	318	$	277

Weighted-average common shares outstanding	40.1		40.3		40.1		40.3
Net dilutive effect of stock awards	—		—		—		—


Dilutive weighted-average common shares outstanding	40.1		40.3		40.1		40.3

Earnings per share - basic	$	4.44	$	3.20	$	7.93	$	6.87
Earnings per share - diluted	$	4.44	$	3.20	$	7.93	$	6.87

Under the treasury stock method, the Company has excluded from the diluted share amounts presented above the effects of 0.4 million Restricted Performance Stock Rights ("RPSRs") for each of the three and six months ended June 30, 2022 and 2021.