Net Income Per Common Share Computations

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Net Income Per Common Share Computations

16. NET INCOME PER COMMON SHARE COMPUTATIONS

The following is a reconciliation of the numerator and denominator of the net income per common share computations:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions, except per share data)	2023		2022		2023		2022
Numerator for basic and diluted net income per common share:
Net income	$	61.0	$	57.0	$	359.7	$	438.4
Denominator for net income per common share:
Basic	75.2		75.6		75.3		76.1
Plus dilutive effect of stock awards	1.9		1.1		1.4		1.1
Diluted	77.1		76.7		76.7		77.2
Net income per common share data:
Basic net income	$	0.81	$	0.75	$	4.78	$	5.76
Diluted net income	$	0.79	$	0.74	$	4.69	$	5.68

All share and per-share amounts have been retroactively adjusted to reflect the effects of the Stock Split. Refer to Note 8, Shareholders' Equity for further information on the Stock Split.