Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
(Dollars in millions, except per share data; shares in thousands)	2021		2020		2021		2020
Net income	$	235	$	539	$	781	$	612
Net income attributable to noncontrolling interest	3		3		9		8
Net income attributable to controlling interest	232		536		772		604
Preferred stock dividends	8		13		29		16
Net income available to common shareholders	$	224	$	523	$	743	$	588

Weighted average common shares outstanding—basic	545,818		549,690		549,434		391,699
Effect of dilutive securities	4,001		1,156		4,765		1,014
Weighted average common shares outstanding—diluted	549,819		550,846		554,199		392,713

Basic earnings per common share	$	0.41	$	0.95	$	1.35	$	1.50
Diluted earnings per common share	$	0.41	$	0.95	$	1.34	$	1.50

Schedule of Anti-Dilutive Options and Awards

The following table presents average 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 September 30,				Nine Months Ended September 30,
(Shares in thousands)	2021		2020		2021		2020
Stock options excluded from the calculation of diluted EPS	2,901		8,306		1,431		4,564
Weighted average exercise price of stock options excluded from the calculation of diluted EPS	$	17.75	$	15.32	$	20.64	$	17.05
Other equity awards excluded from the calculation of diluted EPS	2,464		6,824		1,394		4,826