Net Income Attributable to Company Per Share

9 Months Ended

Sep. 30, 2026

Net Income Attributable to Company Per Share

12. Net Income Attributable to Company Per Share

The following table sets forth the computation of weighted average basic and diluted shares outstanding (in millions, except per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Numerator:
Net income attributable to Company	$	90	$	42	$	221	$	223
Denominator:
Basic—weighted average common shares outstanding		357		370		359		375
Dilutive effect of employee stock options and other unvested stock awards		3		1		4		2
Diluted—weighted average common shares outstanding		360		371		363		377

Net income attributable to Company per share:
Basic	$	0.25	$	0.11	$	0.62	$	0.59
Diluted	$	0.25	$	0.11	$	0.61	$	0.59

Cash dividends per share	$	0.09	$	0.075	$	0.36	$	0.435

Companies with unvested participating securities are required to utilize a two-class method for the computation of net income attributable to Company per share. The two-class method requires a portion of net income attributable to the Company to be allocated to participating securities, which are unvested awards of share-based payments with non-forfeitable rights to receive dividends or dividend equivalents if declared. Net income attributable to the Company allocated to these participating securities was immaterial for each of the three and nine months ended September 30, 2026 and 2025, respectively.

The Company had stock options and restricted shares outstanding that were anti-dilutive totaling 6 million and 8 million shares for the three and nine months ended September 30, 2026, compared to 19 million and 16 million shares for the three and nine months ended September 30, 2025.