| Reconciliation of Earnings Used for Earnings per Share Calculations |
Earnings used in determining consolidated earnings per share and earnings per share from continuing operations are as follows:
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Three months ended
June 30, |
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Six months ended
June 30, |
(millions of U.S. dollars) |
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2026 |
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2025 |
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2026 |
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2025 |
Earnings attributable to common shareholders |
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|
|
448 |
|
313 |
|
907 |
|
747 |
Less: Dividends declared on preference shares |
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(1) |
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(1) |
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(2) |
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(2) |
Earnings used in consolidated earnings per share |
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447 |
|
312 |
|
905 |
|
745 |
Less: (Earnings) loss from discontinued operations, net of tax |
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(4) |
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(16) |
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14 |
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(25) |
Earnings used in earnings per share from continuing operations |
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443 |
|
296 |
|
919 |
|
720 |
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| Weighted Average Common Shares |
The weighted-average number of common shares outstanding, as well as a reconciliation of the weighted-average number of common shares outstanding used in the basic earnings per share computation to the weighted-average number of common shares outstanding used in the diluted earnings per share computation, is presented below:
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Three months ended
June 30, |
Six months ended
June 30, |
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2026 |
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2025 |
2026 |
|
2025 |
Weighted-average number of common shares
outstanding |
438,384,963 |
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450,543,811 |
441,398,585 |
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450,349,667 |
Weighted-average number of vested DSUs |
115,676 |
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130,015 |
116,749 |
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131,439 |
Basic |
438,500,639 |
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450,673,826 |
441,515,334 |
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450,481,106 |
Effect of stock options and TRSUs |
110,735 |
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531,006 |
193,994 |
|
544,701 |
Diluted |
438,611,374 |
|
451,204,832 |
441,709,328 |
|
451,025,807 |
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