XML 51 R32.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Earnings Per Common Share (EPS) | 12 Months Ended
--- | ---
Dec. 31, 2024
Earnings Per Share [Abstract] |
Earnings Per Common Share (EPS) | EARNINGS PER COMMON SHARE (EPS) EPS is calculated using the two-class method. Under the two-class method, all earnings (distributed and undistributed) are allocated to common shares and participating securities. Undistributed earnings are calculated after deducting dividends on preferred shares, common shares and RSUs. RSUs granted under our 2016 Incentive Compensation Plan entitle recipients to receive nonforfeitable dividends during the vesting period on a basis equivalent to dividends on common shares. These unvested awards meet the definition of participating securities based on their respective rights to receive nonforfeitable dividends, and they are treated as a separate class of securities and are not included in computing basic EPS. Diluted EPS is also calculated under the treasury stock method and the more dilutive amount is reported. Participating securities are not included as incremental shares in computing diluted EPS. The computations of basic and diluted EPS for the years ended December 31 were as follows: TABLE 21.1: COMPUTATION OF BASIC AND DILUTED EARNINGS PER SHARE
(Millions, except per share amounts) |  | 2024 |  | 2023 |  | 2022
Numerator: |  |  |  |  |  |
Basic and diluted: |  |  |  |  |  |
Net income |  | $ | 10,129 |  |  | $ | 8,374 |  |  | $ | 7,514 |
Preferred dividends |  | (58) |  |  | (58) |  |  | (57) |
Net income available to common shareholders |  | 10,071 |  |  | 8,316 |  |  | 7,457 |
Earnings allocated to participating share awards |  | (76) |  |  | (64) |  |  | (57) |
Net income attributable to common shareholders |  | $ | 9,995 |  |  | $ | 8,252 |  |  | $ | 7,400 |
Denominator: |  |  |  |  |  |
Basic: Weighted-average common stock |  | 712 |  |  | 735 |  |  | 751 |
Add: Weighted-average stock options (a) |  | 1 |  |  | 1 |  |  | 1 |
Diluted |  | 713 |  |  | 736 |  |  | 752 |
Basic EPS |  | $ | 14.04 |  |  | $ | 11.23 |  |  | $ | 9.86 |
Diluted EPS |  | $ | 14.01 |  |  | $ | 11.21 |  |  | $ | 9.85 |
(a)The dilutive effect of unexercised stock options excludes from the computation of EPS 0.05 million, 1.38 million and 0.39 million of options for the years ended December 31, 2024, 2023 and 2022, respectively, because inclusion of the options would have been anti-dilutive.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration