Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Schedule of Computations of Weighted Average Shares Outstanding

The computations of the weighted average shares outstanding for the periods indicated are as follows (in millions):

	Three Months Ended  March 31,
	2021	2020
Weighted average shares outstanding	424.9	423.8
Share-based payment awards classified as participating securities (1)	—	—
Basic weighted average shares outstanding	424.9	423.8
Dilutive securities (2)	2.7	—
Diluted weighted average shares outstanding	427.6	423.8

(1)For the three months ended March 31, 2021 and 2020, dividends and equivalents for share-based awards that are expected to be forfeited do not have a material effect on net income for basic and diluted earnings per share.

(2)The three months ended March 31, 2020 excludes 1.1 million of potentially dilutive share-based awards as their effect would be anti-dilutive.