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Earnings Per Common Share | 3 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
Earnings Per Common Share | 2. EARNINGS PER COMMON SHARE
Computation of Basic and Diluted Earnings per Common Share
|  |  | Three Months Ended March 31,
(In millions, except for per share data) |  |  |  | 2024 | 2023
Earnings |  |  |  |  |
Net income |  |  |  | $ | 753 |  | $ | 535 |
Less: Preferred stock dividends |  |  |  | 5 |  | 5 |
Net income available to common stockholders |  |  |  | $ | 748 |  | $ | 530 |
Shares |  |  |  |  |
Weighted average common shares outstanding, basic |  |  |  | 298.1 |  | 314.0 |
Dilutive effect of stock-based awards under compensation plans |  |  |  | 4.5 |  | 4.6 |
Weighted average common shares outstanding and dilutive potential common shares |  |  |  | 302.6 |  | 318.6 |
Net income available to common stockholders per common share |  |  |  |  |
Basic |  |  |  | $ | 2.51 |  | $ | 1.69 |
Diluted |  |  |  | $ | 2.47 |  | $ | 1.66 |

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