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Earnings Per Common Share (Tables) | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Schedule of Computation of Basic and Diluted Earnings Per Common Share | Table 11.1: Computation of Basic and Diluted Earnings per Common Share
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |  |
(Dollars and shares in millions, except per share data) |  | 2025 |  | 2024 |  | 2025 |  | 2024 |  |  |  |
Income (loss) from continuing operations, net of tax |  | $ | (4,263) |  |  | $ | 597 |  |  | $ | (2,859) |  |  | $ | 1,877 |  |  |  |  |
Loss from discontinued operations, net of tax |  | (14) |  |  | 0 |  |  | (14) |  |  | 0 |  |  |  |  |
Net income (loss) |  | (4,277) |  |  | 597 |  |  | (2,873) |  |  | 1,877 |  |  |  |  |
Dividends and undistributed earnings allocated to participating securities |  | (4) |  |  | (9) |  |  | (9) |  |  | (32) |  |  |  |  |
Preferred stock dividends |  | (65) |  |  | (57) |  |  | (122) |  |  | (114) |  |  |  |  |
Discount on redeemed preferred stock |  | 6 |  |  | 0 |  |  | 6 |  |  | 0 |  |  |  |  |
Net income (loss) available to common stockholders |  | $ | (4,340) |  |  | $ | 531 |  |  | $ | (2,998) |  |  | $ | 1,731 |  |  |  |  |
Total weighted-average basic common shares outstanding |  | 505.6 |  |  | 383.1 |  |  | 444.7 |  |  | 382.7 |  |  |  |  |
Effect of dilutive securities:(1) |  |  |  |  |  |  |  |  |  |  |  |
Stock options |  | 0.0 |  |  | 0.2 |  |  | 0.0 |  |  | 0.2 |  |  |  |  |
Other contingently issuable shares |  | 0.0 |  |  | 0.6 |  |  | 0.0 |  |  | 0.8 |  |  |  |  |
Total effect of dilutive securities |  | 0.0 |  |  | 0.8 |  |  | 0.0 |  |  | 1.0 |  |  |  |  |
Total weighted-average diluted common shares outstanding |  | 505.6 |  |  | 383.9 |  |  | 444.7 |  |  | 383.7 |  |  |  |  |
Basic earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) from continuing operations |  | $ | (8.55) |  |  | $ | 1.39 |  |  | $ | (6.71) |  |  | $ | 4.52 |  |  |  |  |
Net loss from discontinued operations |  | (0.03) |  |  | 0.00 |  |  | (0.03) |  |  | 0.00 |  |  |  |  |
Net income (loss) per basic common share |  | $ | (8.58) |  |  | $ | 1.39 |  |  | $ | (6.74) |  |  | $ | 4.52 |  |  |  |  |
Diluted earnings per common share:(1) |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) from continuing operations |  | $ | (8.55) |  |  | $ | 1.38 |  |  | $ | (6.71) |  |  | $ | 4.51 |  |  |  |  |
Net loss from discontinued operations |  | (0.03) |  |  | 0.00 |  |  | (0.03) |  |  | 0.00 |  |  |  |  |
Net income (loss) per diluted common share |  | $ | (8.58) |  |  | $ | 1.38 |  |  | $ | (6.74) |  |  | $ | 4.51 |  |  |  |  |
__________ (1)In periods of net loss, dilutive securities are excluded as their inclusion would be anti-dilutive. Accordingly, excluded from the computation of diluted earning per share were awards of 862 thousand shares and options of 214 thousand shares with an exercise price ranging from $63.73 and $86.34 and awards of 863 thousand shares and options of 216 thousand shares with an exercise price ranging from $63.73 and $86.34 for the three and six months ended June 30, 2025, respectively. There were no awards excluded from the computation of dilutive earning per share for the three months ended June 30, 2024. Excluded from the computation of diluted earnings per share were awards of 64 thousand shares for the six months ended June 30, 2024, because their inclusion would be anti-dilutive.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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