Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic earnings per common share and diluted earnings per common share:


	Three Months Ended June 30				Six Months Ended June 30
	2022		2021		2022		2021
	(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—basic	934		958		936		959
Potential common shares	6		7		7		8
Weighted-average common shares outstanding—diluted	940		965		943		967






Earnings per common share:
Basic	$	0.60	$	0.78	$	1.16	$	1.42
Diluted	0.59		0.77		1.15		1.41

_________

(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.