Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Common Share

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

	Three months ended June 30,				Six months ended June 30,
dollars in millions, except per share amounts	2021		2020		2021		2020
EARNINGS
Income (loss) from continuing operations	$	724	$	185	$	1,342	$	330
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		—
Income (loss) from continuing operations attributable to Key	724		185		1,342		330
Less: Dividends on Preferred Stock	26		26		53		53
Income (loss) from continuing operations attributable to Key common shareholders	698		159		1,289		277
Income (loss) from discontinued operations, net of taxes	5		2		9		3
Net income (loss) attributable to Key common shareholders	$	703	$	161	$	1,298	$	280
WEIGHTED-AVERAGE COMMON SHARES
Weighted-average Common Shares outstanding (000)	957,423		967,147		961,292		967,380
Effect of Common Share options and other stock awards	9,740		4,994		9,514		6,892
Weighted-average Common Shares and potential Common Shares outstanding (000) (a)	967,163		972,141		970,806		974,272
EARNINGS PER COMMON SHARE
Income (loss) from continuing operations attributable to Key common shareholders	$	.73	$	.16	$	1.34	$	.29
Income (loss) from discontinued operations, net of taxes	—		—		.01		—
Net income (loss) attributable to Key common shareholders (b)	.73		.17		1.35		.29
Income (loss) from continuing operations attributable to Key common shareholders — assuming dilution	$	.72	$	.16	$	1.33	$	.28
Income (loss) from discontinued operations, net of taxes — assuming dilution	—		—		.01		—
Net income (loss) attributable to Key common shareholders — assuming dilution (b)	.73		.17		1.34		.29

(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.