XML 31 R19.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Earnings Per Common Share | 3 Months Ended
--- | ---
Mar. 31, 2024
Earnings Per Share [Abstract] |
Earnings Per Common Share |
NOTE 11—EARNINGS PER COMMON SHARE
The following table sets forth the computation of basic and diluted earnings per common share. Table 11.1: Computation of Basic and Diluted Earnings per Common Share
|  |  |  | Three Months Ended March 31, |  |  |  |
(Dollars and shares in millions, except per share data) |  |  |  |  |  | 2024 |  | 2023 |  |  |  |
Net income |  |  |  |  |  | $ | 1,280 |  |  | $ | 960 |  |  |  |  |
Dividends and undistributed earnings allocated to participating securities |  |  |  |  |  | (23) |  |  | (16) |  |  |  |  |
Preferred stock dividends |  |  |  |  |  | (57) |  |  | (57) |  |  |  |  |
Net income available to common stockholders |  |  |  |  |  | $ | 1,200 |  |  | $ | 887 |  |  |  |  |
Total weighted-average basic common shares outstanding |  |  |  |  |  | 382.2 |  |  | 382.6 |  |  |  |  |
Effect of dilutive securities:(1) |  |  |  |  |  |  |  |  |  |  |  |
Stock options |  |  |  |  |  | 0.2 |  |  | 0.1 |  |  |  |  |
Other contingently issuable shares |  |  |  |  |  | 1.0 |  |  | 1.1 |  |  |  |  |
Total effect of dilutive securities |  |  |  |  |  | 1.2 |  |  | 1.2 |  |  |  |  |
Total weighted-average diluted common shares outstanding |  |  |  |  |  | 383.4 |  |  | 383.8 |  |  |  |  |
Basic earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |
Net income per basic common share |  |  |  |  |  | $ | 3.14 |  |  | $ | 2.32 |  |  |  |  |
Diluted earnings per common share:(1) |  |  |  |  |  |  |  |  |  |  |  |
Net income per diluted common share |  |  |  |  |  | $ | 3.13 |  |  | $ | 2.31 |  |  |  |  |
__________ (1)Excluded from the computation of diluted earnings per share were awards of 128 thousand shares and 40 thousand shares for the three months ended March 31, 2024 and 2023, respectively, because their inclusion would be anti-dilutive. There were no options excluded from the computation for the three months ended March 31, 2024 and 2023.

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