Company: ATMU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001921963-25-000121
Chunk: 61

Company: Atmus Filtration Technologies Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 61
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 Separation. This relationship includes services provided by Cummins to the Company for a fixed term on a service-by-service basis. We pay Cummins mutually agreed-upon fees for the services provided under the transition services agreement. The fees paid to Cummins may not be indicative of costs for the same services provided by another provider.Related Party BalancesFollowing the Full Separation, Cummins is no longer considered a related party. Atmus’ sales to Cummins from January 1, 2024 through the date of Full Separation, March 18, 2024, were $65.4 million.

NOTE 14. EARNINGS PER SHARE

Basic net earnings per share (“EPS”) is computed by dividing net earnings by the weighted average number of outstanding common shares. Diluted net EPS reflects the increase in weighted common shares outstanding that would result from the assumed exercise of outstanding stock incentive plan awards calculated using the treasury stock method.Basic and diluted EPS were calculated as follows:For the Three Months Ended June 30,For the Six Months Ended June 30,2025202420252024(in millions, except per share data)Net income$59.9 $56.2 $104.6 $101.7 Weighted-average shares for basic EPS82.5 83.4 82.6 83.4 Plus incremental shares from assumed conversions of long-term incentive plan shares0.5 0.3 0.5 0.3 Weighted-average shares for diluted EPS83.0 83.7 83.1 83.7 Basic earnings per share$0.73 $0.67 $1.27 $1.22 Diluted earnings per share$0.72 $0.67 $1.26 $1.22 

NOTE 15. SEGMENT REPORTING

We operate our business as one operating segment and one reportable segment. The profit or loss measure used by the chief operating decision maker is net income that is reported on the income statement as consolidated net income. All expense categories reported within the consolidated income statement are significant expenses. Business assets are listed as total consolidated assets on the balance sheet. 

NOTE 16. SUPPLEMENTAL BALANCE SHEET DATA

Other assets included the following:June 30,2025December 31,2024(in millions)Operating lease assets$36.4 $37.3 Deferred income taxes22.1 18.5 Long