v3.26.1
Earnings per Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings per Share Earnings per Share
 Quarter Ended June 30,Six Months Ended June 30,
(dollars in millions, except per share amounts; shares in millions)2026202520262025
Net income attributable to common shareholders$428 $393 $768 $636 
Basic weighted average number of shares outstanding382.6 393.7 385.2 395.1 
Stock awards and equity units (share equivalent)0.9 2.1 1.2 2.2 
Diluted weighted average number of shares outstanding383.5 395.8 386.4 397.3 
Earnings Per Share of Common Stock:
Basic$1.12$1.00$1.99$1.61
Diluted$1.12$0.99$1.99$1.60

The computation of diluted earnings per share excludes the effect of the potential exercise of stock awards, including stock appreciation rights and stock options, when the average market price of Otis' common stock ("Common Stock") is lower than the exercise price of the related stock awards during the period because the effect would be anti-dilutive. In addition, the computation of diluted earnings per share excludes the effect of the potential exercise of stock awards when the awards' assumed proceeds exceed the average market price of the common shares during the period. Lastly, the computations of diluted earnings per share include outstanding awards granted prior to the separation and distribution ("Separation") of each of Otis and Carrier Global Corporation from UTC, our former parent, subsequently renamed RTX Corporation, and converted upon the Separation, in accordance with the Employee Matters Agreement, dated as of April 2, 2020, by and among UTC, Otis and Carrier Global Corporation. There were 3.2 million and 1.0 million of anti-dilutive stock awards excluded from the computation for the quarter and six months ended June 30, 2026, respectively, compared to 0.5 million for the same periods in 2025.
The impact of redeemable noncontrolling interest to Net income attributable to common shareholders was immaterial in the quarters and six months ended June 30, 2026 and 2025.