XML 78 R10.htm IDEA: XBRL DOCUMENT v3.24.0.1
Earnings Per Common Share
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Earnings Per Common Share
2. EARNINGS PER COMMON SHARE
Computation of Basic and Diluted Earnings per Common Share
 For the years ended December 31,
(In millions, except for per share data)202320222021
Earnings   
Net income$2,504 $1,819 $2,371 
Less: Preferred stock dividends 21 21 21 
Net income available to common stockholders$2,483 $1,798 $2,350 
Shares
   
Weighted average common shares outstanding, basic307.1 324.8 349.1 
Dilutive effect of stock-based awards under compensation plans4.4 4.7 5.0 
Weighted average common shares outstanding and dilutive potential common shares [1]311.5 329.5 354.1 
Net income available to common stockholders per common share   
Basic
$8.09 $5.54 $6.73 
    Diluted$7.97 $5.46 $6.64 
[1]For additional information, see Note 16 - Equity and Note 20 - Stock Compensation Plans.
Basic earnings per common share is computed based on the weighted average number of common shares outstanding during the year. Diluted earnings per common share includes the dilutive effect of stock-based awards under compensation plans.
Under the treasury stock method, for stock-based awards, shares are assumed to be issued and then reduced for the number of shares repurchasable with theoretical proceeds at the average market price for the period. Contingently issuable shares are included for the number of shares issuable assuming the end of the reporting period was the end of the contingency period, if dilutive.