Earnings Per Common Share (Tables)

9 Months Ended

Sep. 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 September 30,				Nine months ended September 30,
Dollars in millions, except per share amounts	2021		2020		2021		2020
EARNINGS
Income (loss) from continuing operations	$	643	$	424	$	1,985	$	754
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		—
Income (loss) from continuing operations attributable to Key	643		424		1,985		754
Less: Dividends on Preferred Stock	27		27		80		80
Income (loss) from continuing operations attributable to Key common shareholders	616		397		1,905		674
Income (loss) from discontinued operations, net of taxes	2		4		11		7
Net income (loss) attributable to Key common shareholders	$	618	$	401	$	1,916	$	681
WEIGHTED-AVERAGE COMMON SHARES
Weighted-average Common Shares outstanding (000)	942,446		967,804		955,069		967,632
Effect of Common Share options and other stock awards	10,077		6,184		9,712		6,648
Weighted-average Common Shares and potential Common Shares outstanding (000) (a)	952,523		973,988		964,781		974,280
EARNINGS PER COMMON SHARE
Income (loss) from continuing operations attributable to Key common shareholders	$	.65	$	.41	$	1.99	$	.70
Income (loss) from discontinued operations, net of taxes	—		—		.01		.01
Net income (loss) attributable to Key common shareholders (b)	.66		.41		2.00		.70
Income (loss) from continuing operations attributable to Key common shareholders — assuming dilution	$	.65	$	.41	$	1.98	$	.69
Income (loss) from discontinued operations, net of taxes — assuming dilution	—		—		.01		.01
Net income (loss) attributable to Key common shareholders — assuming dilution (b)	.65		.41		1.99		.70

(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.