NOTE 6. EARNINGS PER SHARE We did not declare any dividends in the periods presented. The following table provides the computation of basic and diluted earnings per share of common stock for the three months ended June 30, 2025 and 2024. | | | | | | | | | Three Months Ended June 30, | (In millions, except per share amounts) | | 2025 | | 2024 | Net income on which basic and diluted earnings per share is calculated | | $ | 56 | | $ | 11 | | | | | | | | Number of shares on which basic earnings per share is calculated | | | 230.2 | | | 230.5 | Dilutive effect of stock options and equity awards | | | 8.9 | | | 5.3 | Number of shares on which diluted earnings per share is calculated | | | 239.1 | | | 235.8 | | | | | | | | Basic earnings per share | | $ | 0.24 | | $ | 0.05 | Diluted earnings per share | | | 0.23 | | | 0.05 |
The following securities were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive: | | | | | | | Three Months Ended June 30, | (In millions) | | 2025 | | 2024 | Nonvested restricted stock units | | 0.8 | | 0.7 | Nonvested performance-conditioned stock units | | 3.4 | | 3.9 | Nonvested market-conditioned stock units | | — | | 3.1 | Total | | 4.3 | | 7.7 |
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