v3.26.3
Earnings Per Common Share
 9 Months Ended
Sep. 30, 2026
Earnings Per Common Share  
Earnings Per Common Share

21. Earnings Per Common Share

The computations of the basic and diluted per share amounts were as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the three months ended

​

For the nine months ended

​

​

September 30, 

​

September 30, 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

​

​

(in millions, except per share data)

Net income

​

$

597.1

​

$

233.9

​

$

1,440.3

​

$

730.3

Subtract:

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​

​

​

​

​

​

​

​

​

​

​

Net income (loss) attributable to noncontrolling interest

​

​

(34.8)

​

​

20.1

​

​

(19.6)

​

​

62.2

Total

​

$

631.9

​

$

213.8

​

$

1,459.9

​

$

668.1

Weighted-average shares outstanding:

​

​

​

​

​

​

​

​

​

​

​

​

Basic

​

​

213.9

​

​

222.4

​

​

215.7

​

​

224.1

Dilutive effects:

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​

​

​

​

​

​

​

​

​

​

​

Restricted stock units

​

​

2.3

​

​

1.9

​

​

2.1

​

​

1.8

Stock options

​

​

0.4

​

​

0.6

​

​

0.5

​

​

0.6

Performance share awards

​

​

0.3

​

​

0.3

​

​

0.3

​

​

0.3

Diluted

​

​

216.9

​

​

225.2

​

​

218.6

​

​

226.8

Net income per common share:

​

​

​

​

​

​

​

​

​

​

​

​

Basic

​

$

2.95

​

$

0.96

​

$

6.77

​

$

2.98

Diluted

​

$

2.91

​

$

0.95

​

$

6.68

​

$

2.95

​

The calculation of diluted earnings per share for the three and nine months ended September 30, 2026 and 2025, excludes the incremental effect related to certain outstanding stock-based compensation grants due to their anti-dilutive effect. When a net loss is reported, our basic weighted-average shares are used to calculate diluted earnings per share, as dilutive shares would have an antidilutive effect and result in a lower loss per share.