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.
|