XML 43 R21.htm IDEA: XBRL DOCUMENT v3.21.2
Net Earnings Per Common Share
 6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
NET EARNINGS PER COMMON SHARE NET EARNINGS PER COMMON SHARE
Basic and diluted net earnings per common share based on the weighted average outstanding shares are summarized as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
(In millions, except shares and per share amounts)2021202020212020
Basic:
Net income$354 $66 $676 $80 
Less common and preferred dividends65 66 129 130 
Less impact from redemption of preferred stock3 — 3 — 
Undistributed earnings286 — 544 (50)
Less undistributed earnings applicable to nonvested shares2 — 5 — 
Undistributed earnings applicable to common shares284 — 539 (50)
Distributed earnings applicable to common shares56 56 111 112 
Total earnings applicable to common shares$340 $56 $650 $62 
Weighted average common shares outstanding (in thousands)162,742 163,542 163,144 163,843 
Net earnings per common share$2.08 $0.34 $3.98 $0.38 
Diluted:
Total earnings applicable to common shares$340 $56 $650 $62 
Weighted average common shares outstanding (in thousands)162,742 163,542 163,144 163,843 
Dilutive effect of common stock warrants (in thousands)— 723 — 4,012 
Dilutive effect of stock options (in thousands)312 160 324 277 
Weighted average diluted common shares outstanding (in thousands)
163,054 164,425 163,468 168,132 
Net earnings per common share$2.08 $0.34 $3.98 $0.37 
The following schedule presents the weighted average stock awards that were anti-dilutive and not included in the calculation of diluted earnings per share:
Three Months Ended
June 30,		Six Months Ended
June 30,
(In thousands)2021202020212020
Restricted stock and restricted stock units1,374 1,321 1,394 1,357 
Stock options7 938 234 855