Net Earnings Per Common Share

12 Months Ended

Dec. 31, 2018

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NET EARNINGS PER COMMON SHARE

Basic and diluted net earnings per common share based on the weighted average outstanding shares are summarized as follows:

(In millions, except shares and per share amounts)	2018		2017		2016
Basic:
Net income	$	884	$	592	$	469
Less common and preferred dividends	236		131		115
Undistributed earnings	648		461		354
Less undistributed earnings applicable to nonvested shares	5		4		4
Undistributed earnings applicable to common shares	643		457		350
Distributed earnings applicable to common shares	200		88		57
Total earnings applicable to common shares	$	843	$	545	$	407
Weighted average common shares outstanding (in thousands)	193,589		200,776		203,855
Net earnings per common share	$	4.36	$	2.71	$	2.00
Diluted:
Total earnings applicable to common shares	$	843	$	545	$	407
Weighted average common shares outstanding (in thousands)	193,589		200,776		203,855
Dilutive effect of common stock warrants (in thousands)	11,959		7,778		—
Dilutive effect of stock options (in thousands)	953		1,099		414
Weighted average diluted common shares outstanding (in thousands)	206,501		209,653		204,269
Net earnings per common share	$	4.08	$	2.60	$	1.99

The following schedule presents the weighted average shares of stock awards that were anti-dilutive and not included in the calculation of diluted earnings per share.

(In thousands)	2018	2017	2016
Restricted stock and restricted stock units	1,602	1,936	2,216

Schedule of Weighted Average Number of Shares [Table Text Block]

(In thousands)	2018	2017	2016
Restricted stock and restricted stock units	1,602	1,936	2,216