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Earnings Per Common Share
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Earnings Per Common Share
2. Earnings Per Common Share

Basic earnings per share is the amount of earnings (adjusted for dividends declared on our preferred stock) available to each Common Share outstanding during the reporting periods. Diluted earnings per share is the amount of earnings available to each Common Share outstanding during the reporting periods adjusted to include the effects of potentially dilutive Common Shares. Potentially dilutive Common Shares include stock options and other stock-based awards. Potentially dilutive Common Shares are excluded from the computation of diluted earnings per share in the periods where the effect would be antidilutive. 

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 amounts2022202120222021
EARNINGS
Income (loss) from continuing operations
$540 $643 $1,517 $1,985 
Less: Net income (loss) attributable to noncontrolling interests— — — — 
Income (loss) from continuing operations attributable to Key540 643 1,517 1,985 
Less: Dividends on Preferred Stock27 27 80 80 
Income (loss) from continuing operations attributable to Key common shareholders513 616 1,437 1,905 
Income (loss) from discontinued operations, net of taxes2 2 6 11 
Net income (loss) attributable to Key common shareholders$515 $618 $1,443 $1,916 
WEIGHTED-AVERAGE COMMON SHARES
Weighted-average Common Shares outstanding (000)924,594 942,446 924,085 955,069 
Effect of Common Share options and other stock awards7,861 10,077 8,679 9,712 
Weighted-average Common Shares and potential Common Shares outstanding (000) (a)
932,455 952,523 932,764 964,781 
EARNINGS PER COMMON SHARE
Income (loss) from continuing operations attributable to Key common shareholders$.55 $.65 $1.55 $1.99 
Income (loss) from discontinued operations, net of taxes— — .01 .01 
Net income (loss) attributable to Key common shareholders (b)
.55 .66 1.56 2.00 
Income (loss) from continuing operations attributable to Key common shareholders — assuming dilution
$.55 $.65 $1.54 $1.98 
Income (loss) from discontinued operations, net of taxes — assuming dilution— — .01 .01 
Net income (loss) attributable to Key common shareholders — assuming dilution (b)
.55 .65 1.55 1.99 
(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.