Net Income Per Share

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Net Income Per Share

Net Income Per Share

The Company's basic net income per share amounts have been computed by dividing net income by the weighted average number of shares of Common Stock and Class A Stock outstanding. Net income per share is presented on a combined basis, inclusive of Common Stock and Class A Stock outstanding, as each class of stock has equivalent economic rights. Diluted net income per share includes the potential dilutive effect of other securities as if such securities were converted or exercised during the period, when the effect is dilutive. The calculations of basic and diluted net income per share are as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Net income - basic and diluted	$	897.3	$	193.1	$	1,521.9	$	654.2
(Shares in millions)
Weighted average shares - basic	109.6		109.2		109.7		109.1
Effect of dilutive securities:
Stock options	7.8		5.4		6.7		5.9
Restricted stock	0.5		—		0.4		—
Weighted average shares - diluted	117.9		114.6		116.8		115.0
Net income per share - basic	$	8.19	$	1.77	$	13.87	$	6.00
Net income per share - diluted	$	7.61	$	1.68	$	13.03	$	5.69

Shares which have been excluded from diluted per share amounts because their effect would have been antidilutive, include the following:

	Three Months Ended June 30,		Six Months Ended June 30,
(Shares in millions)	2020	2019	2020	2019
Stock options	0.1	18.3	3.5	18.1
Restricted stock	—	0.4	—	—