XML 40 R32.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Earnings per common share (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Earnings Per Share [Abstract] |
Computations of Basic Earnings Per Common Share | The computations of basic earnings per common share follow:
|  | Three Months Ended March 31, |
(Dollars in millions, except per share, shares in thousands) |  | 2024 |  |  | 2023 |
Income available to common shareholders: |  |  |  |  |  |
Net income |  | $ | 531 |  |  | $ | 702 |
Less: Preferred stock dividends |  |  | (25 | ) |  |  | (25 | )
Net income available to common equity |  |  | 506 |  |  |  | 677 |
Less: Income attributable to unvested stock-based compensation awards |  |  | (1 | ) |  |  | (1 | )
Net income available to common shareholders |  | $ | 505 |  |  | $ | 676 |
Weighted-average shares outstanding: |  |  |  |  |  |
Common shares outstanding (including common stock issuable) and unvested stock-based compensation awards |  |  | 166,738 |  |  |  | 168,010 |
Less: Unvested stock-based compensation awards |  |  | (278 | ) |  |  | (278 | )
Weighted-average shares outstanding |  |  | 166,460 |  |  |  | 167,732 |
Basic earnings per common share |  | $ | 3.04 |  |  | $ | 4.03 |
Computations of Diluted Earnings Per Common Share | The computations of diluted earnings per common share follow:
|  | Three Months Ended March 31, |
(Dollars in millions, except per share, shares in thousands) |  | 2024 |  |  | 2023 |
Net income available to common equity |  | $ | 506 |  |  | $ | 677 |
Less: Income attributable to unvested stock-based compensation awards |  |  | (1 | ) |  |  | (1 | )
Net income available to common shareholders |  | $ | 505 |  |  | $ | 676 |
Adjusted weighted-average shares outstanding: |  |  |  |  |  |
Common shares outstanding (including common stock issuable) and unvested stock-based compensation awards |  |  | 166,738 |  |  |  | 168,010 |
Less: Unvested stock-based compensation awards |  |  | (278 | ) |  |  | (278 | )
Plus: Incremental shares from assumed conversion of stock-based compensation awards |  |  | 624 |  |  |  | 678 |
Adjusted weighted-average shares outstanding |  |  | 167,084 |  |  |  | 168,410 |
Diluted earnings per common share |  | $ | 3.02 |  |  | $ | 4.01 |

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 Tabular disclosure of the effect of income (loss) on basic earnings per share. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482635/260-10-55-52 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicByCommonClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482635/260-10-55-52 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareDilutedByCommonClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration