v3.25.2
Earnings Per Share Data
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Data Earnings Per Share Data
Earnings per share is based on weighted average number of outstanding common shares. Basic earnings per share excludes the impact of dilutive securities and is computed by dividing Net income by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock.
The following table presents the income and share data used in the basic and diluted earnings per share computations.
Periods ended June 30Three MonthsSix Months
(In millions, except per share data)2025202420252024
Net income$299 $317 $573 $655 
Common Stock and Common Stock Equivalents
Basic
      Weighted average shares outstanding271.1 271.6 271.2 271.6 
Diluted
Weighted average shares outstanding271.1 271.6 271.2 271.6 
Dilutive effect of stock-based awards under compensation plans1.1 1.0 1.2 1.0 
Total272.2 272.6 272.4 272.6 
Earnings per share
      Basic $1.10 $1.17 $2.11 $2.41 
Diluted$1.10 $1.17 $2.10 $2.40 
Excluded from the calculation of diluted earnings per share is the impact of potential shares attributable to exercises or conversions into common stock under stock-based employee compensation plans that would have been antidilutive during the respective periods.
The Company repurchased 700,000 and 450,000 shares of CNAF common stock at an aggregate cost of $34 million and $20 million during the six months ended June 30, 2025 and 2024.