Add-back: Mandatory convertible preferred stock cumulative dividends (“if-converted” method)

[Table of Conten](#i207805ce14724a60909000a6c8cb9e11_7)[t](#i207805ce14724a60909000a6c8cb9e11_7)[s](#i207805ce14724a60909000a6c8cb9e11_7)Information related to the calculation of net earnings per share of common stock is summarized as follows ($ and shares in millions, except per share amounts):

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Year Ended December 31,  |
|  | 2021 |  | 2020 |  | 2019 |
| Numerator |  |  |  |  |  |
| Net earnings from continuing operations | $ | 614.2  |  |  | $ | 1,452.2  |  |  | $ | 268.1  |  |
| Mandatory convertible preferred stock cumulative dividends | (34.5) |  |  | (69.0) |  |  | (69.0) |  |
| Net earnings attributable to common stockholders from continuing operations used in basic earnings per share | $ | 579.7  |  |  | $ | 1,383.2  |  |  | $ | 199.1  |  |
| Add-back: Mandatory convertible preferred stock cumulative dividends (“if-converted” method) | —  |  |  | 69.0  |  |  | —  |  |
| Net earnings attributable to common stockholders from continuing operations and assumed conversions used in diluted earnings per share | $ | 579.7  |  |  | $ | 1,452.2  |  |  | $ | 199.1  |  |
|  |  |  |  |  |  |
| Denominator |  |  |  |  |  |
| Weighted average common shares outstanding used in basic earnings per share | 349.0  |  |  | 337.4  |  |  | 335.8  |  |
| Incremental common shares from: |  |  |  |  |  |
| Assumed exercise of dilutive options and vesting of dilutive Stock Awards | 3.3  |  |  | 1.7  |  |  | 4.2  |  |
| Assumed conversion of outstanding mandatory convertible preferred stock | —  |  |  | 19.9  |  |  | —  |  |
| Weighted average common shares outstanding used in diluted earnings per share | 352.3  |  |  | 359.0  |  |  | 340.0  |  |
|  |  |  |  |  |  |
| Net earnings from continuing operations per common share - Basic | $ | 1.66  |  |  | $ | 4.10  |  |  | $ | 0.59  |  |
| Net earnings from continuing operations per common share - Diluted | $ | 1.65  |  |  | $ | 4.05  |  |  | $ | 0.59  |  |

  
NOTE 19. SEGMENT INFORMATION We report our results in three separate business segments consisting of Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. Operating profit represents total revenues less operating expenses, excluding other income/expense, interest, and income taxes. The identifiable assets by segment are those used in each segment’s operations. Inter-segment amounts are not significant and are eliminated in the combined totals. Amounts in the Other category consist of unallocated corporate costs and other costs not considered part of our evaluation of reportable segment operating performance.101
