The following table presents the reconciliation of basic and diluted (loss) earnings per share for the years ended December 31, 2025, 2024 and 2023:


(in millions, except per share data)	Year ended December 31, 2025					Year ended December 31, 2024					Year ended December 31, 2023
	Loss (numerator)		Weighted average shares outstanding (denominator)	Loss per share		Earnings (numerator)		Weighted average shares outstanding (denominator)	Earnings per share		Earnings (numerator)		Weighted average shares outstanding (denominator)	Earnings per share
Basic	$	(530.2)	680.6	$	(0.78)	$	711.5	679.6	$	1.05	$	321.1	675.6	$	0.48
Dilutive effect of stock-based awards	—		—			—		2.3			—		2.8

Diluted	$	(530.2)	680.6	$	(0.78)	$	711.5	681.9	$	1.04	$	321.1	678.4	$	0.47

Certain stock options and RSUs are not included in the diluted earnings (loss) per share calculation when the effect would have been anti-dilutive. The number of anti-dilutive shares not included were 14.5 million, 5.9 million and 12.9 million for the year ended December 31, 2025, December 31, 2024 and December 31, 2023, respectively.