Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Common Share

Our basic and diluted earnings per Common Share are calculated as follows:

Year ended December 31,
dollars in millions, except per share amounts	2020		2019		2018
EARNINGS
Income (loss) from continuing operations	$	1,329	$	1,708	$	1,859
Less: Net income (loss) attributable to noncontrolling interests	—		—		—
Income (loss) from continuing operations attributable to Key	1,329		1,708		1,859
Less: Dividends on preferred stock	106		97		66
Income (loss) from continuing operations attributable to Key common shareholders	1,223		1,611		1,793
Income (loss) from discontinued operations, net of taxes	14		9		7
Net income (loss) attributable to Key common shareholders	$	1,237	$	1,620	$	1,800
WEIGHTED-AVERAGE COMMON SHARES
Weighted-average Common Shares outstanding (000)	967,783		992,091		1,040,890
Effect of common share options and other stock awards	7,024		10,163		13,792
Weighted-average common shares and potential Common Shares outstanding (000) (a)	974,807		1,002,254		1,054,682
EARNINGS PER COMMON SHARE
Income (loss) from continuing operations attributable to Key common shareholders	$	1.26	$	1.62	$	1.72
Income (loss) from discontinued operations, net of taxes	.01		.01		.01
Net income (loss) attributable to Key common shareholders (b)	1.28		1.63		1.73
Income (loss) from continuing operations attributable to Key common shareholders — assuming dilution	1.26		1.61		1.70
Income (loss) from discontinued operations, net of taxes	.01		.01		.01
Net income (loss) attributable to Key common shareholders — assuming dilution (b)	1.27		1.62		1.71

(a)Assumes conversion of Common Share options and other stock awards and/or convertible preferred stock, as applicable.

(b)EPS may not foot due to rounding.