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Earnings Per Common Share
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Earnings Per Common Share
NOTE 6. EARNINGS PER COMMON SHARE
The following table sets forth the computation of basic earnings per common share and diluted earnings per common share:
 Three Months Ended June 30Six Months Ended June 30
 2022202120222021
 (In millions, except per share amounts)
Numerator:
Net income$583 $790 $1,131 $1,432 
Preferred stock dividends and other (1)
(25)(42)(49)(70)
Net income available to common shareholders$558 $748 $1,082 $1,362 
Denominator:
Weighted-average common shares outstanding—basic934 958 936 959 
Potential common shares6 7 7 8 
Weighted-average common shares outstanding—diluted940 965 943 967 
Earnings per common share:
Basic$0.60 $0.78 $1.16 $1.42 
Diluted0.59 0.77 1.15 1.41 
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(1)Preferred stock dividends and other for the three and six months ended June 30, 2021 includes $13 million of issuance costs associated with the redemption of Series A preferred shares.
The effects from the assumed exercise of 6 million and 4 million in restricted stock units and awards and performance stock units for the three and six months ended June 30, 2022, respectively, were not included in the above computations of diluted earnings per common share because such amounts would have had an antidilutive effect on earnings per common share.
The effects from the assumed exercise of 4 million in restricted stock units and awards and performance stock units for both the three and six months ended June 30, 2021 were not included in the above computations of diluted earnings per common share because such amounts would have had an antidilutive effect on earnings per common share.