Earnings per Common Share The following table presents the calculation of basic and diluted earnings per common share. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year ended December 31, ($ in millions, except per share data; shares in thousands) (a) | | | | | | 2022 | | 2021 | | 2020 | Net income from continuing operations | | | | | | $ | 1,715 | | | $ | 3,065 | | | $ | 1,086 | | Preferred stock dividends — Series B | | | | | | (63) | | | (36) | | | — | | Preferred stock dividends — Series C | | | | | | (47) | | | (21) | | | — | | Net income from continuing operations attributable to common stockholders | | | | | | $ | 1,605 | | | $ | 3,008 | | | $ | 1,086 | | Loss from discontinued operations, net of tax | | | | | | (1) | | | (5) | | | (1) | | Net income attributable to common stockholders | | | | | | $ | 1,604 | | | $ | 3,003 | | | $ | 1,085 | | Basic weighted-average common shares outstanding (b) | | | | | | 316,690 | | | 362,583 | | | 375,629 | | Diluted weighted-average common shares outstanding (b) (c) | | | | | | 318,629 | | | 365,180 | | | 377,101 | | Basic earnings per common share | | | | | | | | | | | Net income from continuing operations | | | | | | $ | 5.07 | | | $ | 8.30 | | | $ | 2.89 | | Loss from discontinued operations, net of tax | | | | | | — | | | (0.01) | | | — | | Net income | | | | | | $ | 5.06 | | | $ | 8.28 | | | $ | 2.89 | | Diluted earnings per common share | | | | | | | | | | | Net income from continuing operations | | | | | | $ | 5.04 | | | $ | 8.24 | | | $ | 2.88 | | Loss from discontinued operations, net of tax | | | | | | — | | | (0.01) | | | — | | Net income | | | | | | $ | 5.03 | | | $ | 8.22 | | | $ | 2.88 | |
(a)Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers. (b)Includes shares related to share-based compensation that vested but were not yet issued. (c)During the year ended December 31, 2020, there were 0.8 million in shares underlying share-based awards excluded because their inclusion would have been antidilutive. There were no antidilutive shares during the years ended December 31, 2022, and 2021.
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