XML 45 R34.htm IDEA: XBRL DOCUMENT
v3.24.3

Earnings per common share (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Earnings Per Share [Abstract] |
Computations of Basic Earnings Per Common Share | The computations of basic earnings per common share follow:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(Dollars in millions, except per share, shares in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Income available to common shareholders: |  |  |  |  |  |  |
Net income | $ | 721 |  |  | $ | 690 |  |  | $ | 1,907 |  |  | $ | 2,259 |
Less: Preferred stock dividends | (47) |  |  | (25) |  |  | (99) |  |  | (75) |
Net income available to common equity | 674 |  |  | 665 |  |  | 1,808 |  |  | 2,184 |
Less: Income attributable to unvested stock-based compensation awards | — |  |  | (1) |  |  | (3) |  |  | (4) |
Net income available to common shareholders | $ | 674 |  |  | $ | 664 |  |  | $ | 1,805 |  |  | $ | 2,180 |
Weighted-average shares outstanding: |  |  |  |  |  |  |
Common shares outstanding (including common stock issuable) and unvested stock-based compensation awards | 167,011 |  |  | 166,217 |  | 167,010 |  |  | 166,787
Less: Unvested stock-based compensation awards | (340) |  |  | (308) |  | (316) |  |  | (299)
Weighted-average shares outstanding | 166,671 |  | 165,909 |  | 166,694 |  | 166,488
Basic earnings per common share | $ | 4.04 |  |  | $ | 4.00 |  |  | $ | 10.83 |  |  | $ | 13.09 |
Computations of Diluted Earnings Per Common Share | The computations of diluted earnings per common share follow:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(Dollars in millions, except per share, shares in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Net income available to common equity | $ | 674 |  |  | $ | 665 |  |  | $ | 1,808 |  |  | $ | 2,184 |
Less: Income attributable to unvested stock-based compensation awards | — |  |  | (1) |  |  | (3) |  |  | (4) |
Net income available to common shareholders | $ | 674 |  |  | $ | 664 |  |  | $ | 1,805 |  |  | $ | 2,180 |
Adjusted weighted-average shares outstanding: |  |  |  |  |  |  |
Common shares outstanding (including common stock issuable) and unvested stock-based compensation awards | 167,011 |  |  | 166,217 |  | 167,010 |  |  | 166,787
Less: Unvested stock-based compensation awards | (340) |  |  | (308) |  | (316) |  |  | (299)
Plus: Incremental shares from assumed conversion of stock-based compensation awards | 896 |  |  | 661 |  | 743 |  |  | 605
Adjusted weighted-average shares outstanding | 167,567 |  | 166,570 |  | 167,437 |  | 167,093
Diluted earnings per common share | $ | 4.02 |  |  | $ | 3.98 |  |  | $ | 10.78 |  |  | $ | 13.05 |

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