5. Earnings Per Share
The following table sets forth the computation of basic and diluted income per common share for the periods presented (dollars and shares in millions, except per share data):
|
| Three Months Ended |
|
| Nine Months Ended |
| ||||||||||
|
| September 30, |
|
| September 30, |
| ||||||||||
Numerator: |
| 2022 |
|
| 2021 |
|
| 2022 |
|
| 2021 |
| ||||
Net income |
| $ | 262.5 |
|
| $ | 250.7 |
|
| $ | 818.2 |
|
| $ | 624.6 |
|
Less: Distributed and undistributed earnings allocated to participating |
|
| (1.9 | ) |
|
| (1.7 | ) |
|
| (6.4 | ) |
|
| (4.9 | ) |
Net income attributable to common shareholders |
| $ | 260.6 |
|
| $ | 249.0 |
|
| $ | 811.8 |
|
| $ | 619.7 |
|
Denominator: |
|
|
|
|
|
|
|
|
|
|
|
| ||||
Weighted average basic common shares outstanding |
|
| 92.8 |
|
|
| 94.3 |
|
|
| 92.9 |
|
|
| 94.2 |
|
Effect of dilutive securities |
|
| 0.4 |
|
|
| 0.4 |
|
|
| 0.4 |
|
|
| 0.4 |
|
Weighted average diluted common shares outstanding |
|
| 93.2 |
|
|
| 94.7 |
|
|
| 93.3 |
|
|
| 94.6 |
|
Basic income per common share |
| $ | 2.81 |
|
| $ | 2.64 |
|
| $ | 8.74 |
|
| $ | 6.58 |
|
Diluted income per common share |
| $ | 2.80 |
|
| $ | 2.63 |
|
| $ | 8.70 |
|
| $ | 6.55 |
|
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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