XML 28 R18.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Earnings Per Common Share | 9 Months Ended
--- | ---
Sep. 30, 2022
Earnings Per Share [Abstract] |
Earnings Per Common Share |
NOTE 10—EARNINGS PER COMMON SHARE
The following table sets forth the computation of basic and diluted earnings per common share. Table 10.1: Computation of Basic and Diluted Earnings per Common Share
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |  |  |  |
(Dollars and shares in millions, except per share data) |  | 2022 |  | 2021 |  | 2022 |  | 2021 |  |  |  |
Income from continuing operations, net of tax |  | $ | 1,694 |  |  | $ | 3,104 |  |  | $ | 6,128 |  |  | $ | 9,968 |  |  |  |  |
Income (loss) from discontinued operations, net of tax |  | 0 |  |  | 0 |  |  | 0 |  |  | (3) |  |  |  |  |
Net income |  | 1,694 |  |  | 3,104 |  |  | 6,128 |  |  | 9,965 |  |  |  |  |
Dividends and undistributed earnings allocated to participating securities |  | (21) |  |  | (26) |  |  | (74) |  |  | (84) |  |  |  |  |
Preferred stock dividends |  | (57) |  |  | (79) |  |  | (171) |  |  | (200) |  |  |  |  |
Issuance cost for redeemed preferred stock |  | 0 |  |  | (12) |  |  | 0 |  |  | (12) |  |  |  |  |
Net income available to common stockholders |  | $ | 1,616 |  |  | $ | 2,987 |  |  | $ | 5,883 |  |  | $ | 9,669 |  |  |  |  |
Total weighted-average basic common shares outstanding |  | 383.4 |  |  | 438.8 |  |  | 394.9 |  |  | 449.2 |  |  |  |  |
Effect of dilutive securities:(1) |  |  |  |  |  |  |  |  |  |  |  |
Stock options |  | 0.2 |  |  | 0.6 |  |  | 0.4 |  |  | 0.7 |  |  |  |  |
Other contingently issuable shares |  | 1.0 |  |  | 1.1 |  |  | 1.1 |  |  | 1.0 |  |  |  |  |
Total effect of dilutive securities |  | 1.2 |  |  | 1.7 |  |  | 1.5 |  |  | 1.7 |  |  |  |  |
Total weighted-average diluted common shares outstanding |  | 384.6 |  |  | 440.5 |  |  | 396.4 |  |  | 450.9 |  |  |  |  |
Basic earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |
Net income from continuing operations |  | $ | 4.21 |  |  | $ | 6.81 |  |  | $ | 14.90 |  |  | $ | 21.53 |  |  |  |  |
Income (loss) from discontinued operations |  | 0.00 |  |  | 0.00 |  |  | 0.00 |  |  | (0.01) |  |  |  |  |
Net income per basic common share |  | $ | 4.21 |  |  | $ | 6.81 |  |  | $ | 14.90 |  |  | $ | 21.52 |  |  |  |  |
Diluted earnings per common share:(1) |  |  |  |  |  |  |  |  |  |  |  |
Net income from continuing operations |  | $ | 4.20 |  |  | $ | 6.78 |  |  | $ | 14.84 |  |  | $ | 21.45 |  |  |  |  |
Income (loss) from discontinued operations |  | 0.00 |  |  | 0.00 |  |  | 0.00 |  |  | (0.01) |  |  |  |  |
Net income per diluted common share |  | $ | 4.20 |  |  | $ | 6.78 |  |  | $ | 14.84 |  |  | $ | 21.44 |  |  |  |  |
__________ (1)Excluded from the computation of diluted earnings per share were awards of 33 thousand shares and 23 thousand shares for the three and nine months ended September 30, 2022, respectively, because their inclusion would be anti-dilutive. There were no shares excluded from the computation of dilutive earnings per share for the three months ended September 30, 2021. For the nine months ended September 30, 2021, awards of 34 thousand shares were excluded from the computation of diluted earnings per share.

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 -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration