XML 49 R33.htm IDEA: XBRL DOCUMENT v3.22.4
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Income Per Common Share

The following table sets forth the computation of basic and diluted income per common share for the periods presented (dollars and shares in millions, except per share data).

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

1,029.8

 

 

$

841.1

 

 

$

461.0

 

Less: distributed and undistributed earnings allocated
   to participating securities

 

 

(7.9

)

 

 

(6.4

)

 

 

(3.6

)

Net income attributable to common stockholders

 

$

1,021.9

 

 

$

834.7

 

 

$

457.4

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

92.3

 

 

 

94.1

 

 

 

94.1

 

Effect of dilutive securities

 

 

0.4

 

 

 

0.4

 

 

 

0.3

 

Diluted common shares outstanding

 

 

92.7

 

 

 

94.5

 

 

 

94.4

 

Basic income per common share

 

$

11.08

 

 

$

8.87

 

 

$

4.86

 

Diluted income per common share

 

$

11.03

 

 

$

8.83

 

 

$

4.84