Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Reconciliation Of Earnings/(Loss) Per Common And Diluted Share

The computations of basic and diluted earnings per common share were as follows:


	Three Months Ended March 31,
(Dollars in millions, except per share data; shares in thousands)	2021		2020
Net income	$	236	$	16
Net income attributable to noncontrolling interest	3		3
Net income attributable to controlling interest	233		13
Preferred stock dividends	8		1
Net income available to common shareholders	225		12

Weighted average common shares outstanding—basic	552,249		311,597
Effect of dilutive securities	5,283		1,573
Weighted average common shares outstanding—diluted	557,532		313,170

Basic earnings per common share	$	0.41	$	0.04
Diluted earnings per common share	$	0.40	$	0.04

Schedule of Anti-Dilutive Options and Awards

The following table presents outstanding options and other equity awards that were excluded from the calculation of diluted earnings per share because they were either anti-dilutive (the exercise price was higher than the weighted-average market price for the period) or the performance conditions have not been met:


	Three Months Ended March 31,
(Shares in thousands)	2021		2020
Stock options excluded from the calculation of diluted EPS	3,827		3,031
Weighted average exercise price of stock options excluded from the calculation of diluted EPS	$	18.11	$	18.73
Other equity awards excluded from the calculation of diluted EPS	2,784		4,264