Earnings per share (Tables)

6 Months Ended

Jun. 30, 2026

Reconciliation of basic and diluted earnings per share

The following table presents the reconciliation of basic and diluted earnings per share for the three and six months ended June 30, 2026:


(in millions, except per share data)	Three months ended June 30, 2026					Six months ended June 30, 2026
	Earnings (numerator)		Weighted average shares outstanding (denominator)	Earnings per share		Earnings (numerator)		Weighted average shares outstanding (denominator)	Earnings per share
Basic	$	38.1	676.2	$	0.06	$	81.4	675.9	$	0.12
Dilutive effect of stock-based awards	—		1.0			—		1.0

Diluted	$	38.1	677.2	$	0.06	$	81.4	676.9	$	0.12

The following table presents the reconciliation of basic and diluted earnings per share for the three and six months ended June 30, 2025:


(in millions, except per share data)	Three months ended June 30, 2025					Six months ended June 30, 2025
	Earnings (numerator)		Weighted average shares outstanding (denominator)	Earnings per share		Earnings (numerator)		Weighted average shares outstanding (denominator)	Earnings per share
Basic	$	64.7	681.5	$	0.09	$	129.2	681.3	$	0.19
Dilutive effect of stock-based awards	—		0.3			—		0.7

Diluted	$	64.7	681.8	$	0.09	$	129.2	682.0	$	0.19

Certain stock options and RSUs are not included in the diluted earnings per share calculation when the effect would have been anti-dilutive. The number of anti-dilutive shares not included were 20.9 million and 20.9 million for the three and six months ended June 30, 2026, respectively, and 16.7 million and 14.7 million for the three and six months ended June 30, 2025, respectively