| Schedule of Basic and Diluted EPS |
Basic and diluted EPS calculations are presented in the following table: | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | (Dollars in millions, except per share data, shares in thousands) | | | | | 2023 | | 2022 | | 2021 | | Net income (loss) available to common shareholders - continuing operations | | | | | $ | (1,864) | | | $ | 5,446 | | | $ | 5,569 | | | Net income available to common shareholders - discontinued operations | | | | | 412 | | | 481 | | | 464 | | | Net income (loss) available to common shareholders | | | | | $ | (1,452) | | | $ | 5,927 | | | $ | 6,033 | | | Weighted average number of common shares | | | | | 1,331,963 | | | 1,328,120 | | | 1,337,144 | | Effect of dilutive outstanding equity-based awards(1) | | | | | — | | | 10,342 | | | 12,234 | | | Weighted average number of diluted common shares | | | | | 1,331,963 | | | 1,338,462 | | | 1,349,378 | | | Basic earnings from continuing operations | | | | | $ | (1.40) | | | $ | 4.10 | | | $ | 4.16 | | | Basic earnings from discontinued operations | | | | | 0.31 | | | 0.36 | | | 0.35 | | | Basic EPS | | | | | $ | (1.09) | | | $ | 4.46 | | | $ | 4.51 | | | Diluted earnings from continuing operations | | | | | $ | (1.40) | | | $ | 4.07 | | | $ | 4.13 | | | Diluted earnings from discontinued operations | | | | | 0.31 | | | 0.36 | | | 0.34 | | | Diluted EPS | | | | | $ | (1.09) | | | $ | 4.43 | | | $ | 4.47 | | | Anti-dilutive awards | | | | | 11,143 | | | 93 | | | 3 | |
(1)For the year ended December 31, 2023, outstanding equity-based awards were deemed anti-dilutive and therefore, excluded from the Company’s diluted EPS calculation.
|