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EARNINGS PER COMMON SHARE AND DIVIDENDS PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
Schedule of Weighted Average Shares Outstanding Used to Calculate Basic and Diluted Earnings Per Common Share | Weighted average shares outstanding used to calculate basic and diluted earnings per share are as follows:
| Three months ended June 30, |  | Six months ended June 30,
| 2023 | 2022 |  | 2023 | 2022
(number of shares in millions) |  |  |  |  |
Weighted average shares outstanding | 2,024 |  | 2,026 |  |  | 2,025 |  | 2,026 |
Effect of dilutive options and RSUs | 3 |  | 4 |  |  | 3 |  | 4 |
Diluted weighted average shares outstanding | 2,027 |  | 2,030 |  |  | 2,028 |  | 2,030 |
Schedule of Preferred Stock Characteristics by Class | On July 31, 2023, our Board of Directors declared the following quarterly dividends. All dividends are payable on September 1, 2023 to shareholders of record on August 15, 2023.
| Dividend per share
Common Shares | $0.88750 |
Preference Shares, Series A | $0.34375 |
Preference Shares, Series B | $0.32513 |
Preference Shares, Series D | $0.33825 |
Preference Shares, Series F 1 | $0.34613 |
Preference Shares, Series G 2 | $0.43858 |
Preference Shares, Series H | $0.27350 |
Preference Shares, Series L | US$0.36612 |
Preference Shares, Series N | $0.31788 |
Preference Shares, Series P | $0.27369 |
Preference Shares, Series R | $0.25456 |
Preference Shares, Series 1 3 | US$0.41898 |
Preference Shares, Series 3 | $0.23356 |
Preference Shares, Series 5 | US$0.33596 |
Preference Shares, Series 7 | $0.27806 |
Preference Shares, Series 9 | $0.25606 |
Preference Shares, Series 11 | $0.24613 |
Preference Shares, Series 13 | $0.19019 |
Preference Shares, Series 15 | $0.18644 |
Preference Shares, Series 19 | $0.38825 |
1 The quarterly dividend per share paid on Preference Shares, Series F was increased to $0.34613 from $0.29306 on June 1, 2023 due to reset of the annual dividend on June 1, 2023. 2 The first quarterly dividend on Preference Shares, Series G will be paid on September 1, 2023. On June 1, 2023, 1,827,695 of the outstanding Preference Shares, Series F were converted into Preference Shares, Series G. 3 The quarterly dividend per share paid on Preference Shares, Series 1 was increased to US$0.41898 from US$0.37182 on June 1, 2023 due to reset of the annual dividend on June 1, 2023.

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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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