Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Schedule of Basic and Diluted EPS

The following table presents the calculation of basic and diluted earnings per share (dollars in millions, except per share amounts):

	For the Years Ended December 31,
	2020		2019		2018
Numerator
Net income	$	1,141	$	2,957	$	2,742
Preferred stock dividends	(31)		(31)		(31)
Net income available to common stockholders	1,110		2,926		2,711
Income allocated to participating securities	(6)		(18)		(22)
Net income allocated to common stockholders	$	1,104	$	2,908	$	2,689
Denominator
Weighted-average shares of common stock outstanding	307		320		344
Effect of dilutive common stock equivalents	—		—		1
Weighted-average shares of common stock outstanding and common stock equivalents	307		320		345
Basic earnings per common share	$	3.60	$	9.09	$	7.81
Diluted earnings per common share	$	3.60	$	9.08	$	7.79