XML 80 R53.htm IDEA: XBRL DOCUMENT v3.22.4
Net Earnings Per Common Share (Tables)
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method
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)202220212020
Basic:
Net income$907 $1,129 $539 
Less common and preferred dividends269 261 259 
Less impact from redemption of preferred stock— 3 — 
Undistributed earnings638 865 280 
Less undistributed earnings applicable to nonvested shares5 7 2 
Undistributed earnings applicable to common shares633 858 278 
Distributed earnings applicable to common shares237 230 223 
Total earnings applicable to common shares$870 $1,088 $501 
Weighted average common shares outstanding (in thousands)150,064 159,913 163,737 
Net earnings per common share$5.80 $6.80 $3.06 
Diluted:
Total earnings applicable to common shares$870 $1,088 $501 
Weighted average common shares outstanding (in thousands)150,064 159,913 163,737 
Dilutive effect of common stock warrants (in thousands)— — 1,641 
Dilutive effect of stock options (in thousands)207 321 235 
Weighted average diluted common shares outstanding (in thousands)
150,271 160,234 165,613 
Net earnings per common share$5.79 $6.79 $3.02 
Schedule of Weighted Average Number of Shares The following schedule presents the weighted average stock awards that were anti-dilutive and not included in the calculation of diluted earnings per share.
(In thousands)202220212020
Restricted stock and restricted stock units$1,265 $1,374 $1,338 
Stock options178 74 889