The Company presents both basic and diluted earnings per share of common stock (EPS) amounts. Basic EPS is calculated by dividing net earnings by the weighted average shares of common stock outstanding during the reporting period. Diluted EPS is calculated by dividing net earnings by the weighted average shares of common stock and common stock equivalents outstanding during the reporting period.

The dilutive impact of stock-based compensation is calculated using the treasury stock method. The treasury stock method assumes that the Company uses the assumed proceeds from the exercise of awards to repurchase common stock at the average market price during the period. The assumed proceeds under the treasury stock method include the purchase price that the grantee will pay in the future and compensation cost for future service that the Company has not yet recognized.


	Three Months Ended June 30,				Six Months Ended June 30,
(in millions, except per share amounts)	2025		2024		2025		2024
Basic earnings per share:
Net earnings	$	46	$	14	$	72	$	43
Weighted average shares of common stock outstanding	39.5		44.8		40.1		45.5
Basic earnings per share of common stock	$	1.16	$	0.31	$	1.80	$	0.95

Diluted earnings per share:
Net earnings	$	46	$	14	$	72	$	43
Weighted average shares of common stock outstanding	39.5		44.8		40.1		45.5
Effect of stock-based compensation	0.7		0.9		0.7		0.6
Weighted average shares of common stock outstanding including dilutive shares	40.2		45.7		40.8		46.1
Diluted earnings per share of common stock	$	1.14	$	0.31	$	1.76	$	0.93

Anti-dilutive stock-based awards excluded from the calculation of diluted earnings per share	0.1		—		0.1		—