v3.25.2
Organization and Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Basic and Diluted Net Income per Share
The following table sets forth the computation of basic and diluted net income per share for the periods shown:
Three Months Ended
June 30,
Six Months Ended
June 30,
(In millions, except per share data)2025202420252024
Net income$179.8 $143.5 $285.2 $289.9 
Add back interest expense, net of tax attributable to assumed conversion of senior convertible notes2.9 2.9 5.8 5.8 
Net income - diluted$182.7 $146.4 $291.0 $295.7 
Net income per common share
Basic$0.46 $0.36 $0.73 $0.73 
Diluted$0.45 $0.35 $0.71 $0.71 
Basic weighted average shares outstanding392.1 399.2 391.6 394.8 
Dilutive potential securities:
Collaborative sales-based milestones
— — — 0.4 
RSUs and PSUs
0.4 0.6 0.5 1.0 
Senior convertible notes15.7 15.7 15.7 15.7 
Warrants— 1.3 — 5.0 
Diluted weighted average shares outstanding408.2 416.8 407.8 416.9 
Schedule of Outstanding Anti-dilutive Securities Excluded from Diluted Net Income per Share
Outstanding anti-dilutive securities not included in the calculations of diluted net income per share attributable to common stockholders were as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(In millions)2025202420252024
RSUs and PSUs
1.2 1.3 1.2 0.8