Computation of EPS (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

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.