Second Quarter

First Half

(In millions, except per share amounts)

2023

2022

2023

2022

Basic Earnings Per Share

Numerator:

Net income from continuing operations

$

34

$

20

$

107

$

75

Income from discontinued operations, net of tax

—

7

—

7

Net income

$

34

$

27

$

107

$

82

Denominator:

Weighted-average shares outstanding

38

49

40

49

Basic earnings per share

Continuing operations

$

0.89

$

0.40

$

2.70

$

1.54

Discontinued operations

—

0.15

—

0.14

Net basic earnings per share

$

0.89

$

0.55

$

2.70

$

1.68

Diluted Earnings Per Share

Numerator:

Net income from continuing operations

$

34

$

20

$

107

$

75

Income from discontinued operations, net of tax

—

7

—

7

Net income

$

34

$

27

$

107

$

82

Denominator:

Weighted-average shares outstanding

38

49

40

49

Effect of dilutive securities:

Stock options and restricted stock

1

1

1

1

Diluted weighted-average shares outstanding

39

50

41

50

Diluted earnings per share

Continuing operations

$

0.87

$

0.39

$

2.61

$

1.49

Discontinued operations

—

0.15

—

0.14

Net diluted earnings per share

$

0.87

$

0.54

$

2.61

$

1.63