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Earnings Per Share
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Earnings Per Share

16. Earnings Per Share

The computations of earnings per common share for the thirty-nine and thirteen weeks ended September 30, 2023 and nine and three months ended September 30, 2022 were as follows:

 

(In millions, except per share data)

 

Thirty-Nine Weeks Ended September 30, 2023

 

 

Nine Months Ended September 30, 2022

 

 

Thirteen Weeks Ended September 30, 2023

 

 

Three Months Ended September 30, 2022

 

Income from continuing operations, net of tax

 

$

324.2

 

 

$

411.9

 

 

$

136.5

 

 

$

141.4

 

(Loss) income from discontinued operations, net of tax

 

 

(1.0

)

 

 

165.2

 

 

 

-

 

 

 

62.8

 

Net income

 

$

323.2

 

 

$

577.1

 

 

$

136.5

 

 

$

204.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share

 

 

 

 

 

 

 

 

 

 

 

 

  Basic

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

2.55

 

 

$

3.14

 

 

$

1.08

 

 

$

1.09

 

Discontinued operations

 

 

-

 

 

 

1.26

 

 

 

-

 

 

 

0.49

 

Basic earnings per share

 

$

2.55

 

 

$

4.40

 

 

$

1.08

 

 

$

1.58

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

2.53

 

 

$

3.12

 

 

$

1.07

 

 

$

1.09

 

Discontinued operations

 

 

 

 

 

1.25

 

 

 

-

 

 

 

0.48

 

Diluted earnings per share

 

$

2.53

 

 

$

4.37

 

 

$

1.07

 

 

$

1.57

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic average shares outstanding

 

 

127.1

 

 

 

131.0

 

 

 

126.9

 

 

 

129.3

 

Stock-based awards

 

 

0.8

 

 

 

1.0

 

 

 

0.9

 

 

 

0.8

 

Diluted average shares outstanding

 

 

127.9

 

 

 

132.0

 

 

 

127.8

 

 

 

130.1

 

Antidilutive stock-based awards excluded from weighted-
   average number of shares outstanding for diluted
   earnings per share

 

 

0.9

 

 

 

1.2

 

 

 

0.8

 

 

 

1.6