Earnings Per Common Share

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Earnings Per Common Share

3. EARNINGS PER COMMON SHARE

Computation of Basic and Diluted Earnings per Common Share
	Three Months Ended June 30,				Six Months Ended June 30,
(In millions, except for per share data)	2020		2019		2020		2019
Earnings
Net income	$	468	$	372	$	741	$	1,002
Less: Preferred stock dividends	5		—		10		5
Net income available to common stockholders	$	463	$	372	$	731	$	997
Shares
Weighted average common shares outstanding, basic	358.1		361.4		358.3		360.7
Dilutive effect of warrants [1]	—		0.5		—		0.9
Dilutive effect of stock-based awards under compensation plans	1.2		3.2		1.9		3.3
Weighted average common shares outstanding and dilutive potential common shares	359.3		365.1		360.2		364.9
Net income available to common stockholders per common share
Basic	$	1.29	$	1.03	$	2.04	$	2.76
Diluted	$	1.29	$	1.02	$	2.03	$	2.73

[1] On June 26, 2019, the Capital Purchase Program warrants issued in 2009 expired.