v3.26.1
EARNINGS PER COMMON SHARE
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE EARNINGS PER COMMON SHARE
Basic earnings per share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted EPS reflects the assumed conversion of all dilutive securities, including, when applicable, stock options, restricted stock units, performance stock units, and performance stock options.
The following table presents the computation of basic and diluted EPS:
Three Months Ended
June 30,
Six Months Ended
June 30,
(in millions, except per share data)2026202520262025
Net income$342.0 $303.7 $748.0 $592.3 
Basic weighted average common shares outstanding72.8 77.4 73.0 77.5 
Effect of dilutive securities0.1 0.1 0.1 0.2 
Diluted weighted average common shares outstanding72.9 77.5 73.1 77.7 
Earnings per common share:
Basic$4.70 $3.92 $10.24 $7.64 
Diluted$4.69 $3.92 $10.23 $7.63