NET INCOME PER SHARE

9 Months Ended

Sep. 30, 2025

Basic and Diluted net income per share are calculated using the treasury stock method.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Basic
Net income	$	833.1	$	806.2	$	2,091.7	$	2,201.3
Weighted average shares outstanding	246.2		250.6		248.0		251.4
Basic net income per share	$	3.38	$	3.22	$	8.43	$	8.76

Diluted
Net income	$	833.1	$	806.2	$	2,091.7	$	2,201.3
Weighted average shares outstanding assuming dilution:
Weighted average shares outstanding	246.2		250.6		248.0		251.4
Stock options and other contingently issuable shares (1)	2.8		3.3		2.9		3.2

Weighted average shares outstanding assuming dilution	249.0		253.9		250.9		254.6
Diluted net income per share	$	3.35	$	3.18	$	8.34	$	8.65

(1)There were 1.0 million of stock options and other contingently issuable shares excluded due to their anti-dilutive effect for the three and nine months ended September 30, 2025, respectively. There were 0.1 million of stock options and other contingently issuable shares excluded due to their anti-dilutive effect for the three and nine months ended September 30, 2024.

SHERWIN WILLIAMS CO 10-Q