Earnings Per Common Share (Tables)

9 Months Ended

Sep. 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 September 30				Nine Months Ended September 30
	2022		2021		2022		2021
	(In millions, except per share amounts)
Numerator:
Net income	$	429	$	651	$	1,560	$	2,083
Preferred stock dividends and other (1)	(25)		(27)		(74)		(97)


Net income available to common shareholders	$	404	$	624	$	1,486	$	1,986
Denominator:
Weighted-average common shares outstanding—basic	934		955		936		958
Potential common shares	6		7		6		7
Weighted-average common shares outstanding—diluted	940		962		942		965






Earnings per common share:
Basic	$	0.43	$	0.65	$	1.59	$	2.07
Diluted	$	0.43	$	0.65	$	1.58	$	2.06

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(1)Preferred stock dividends and other for the nine months ended September 30, 2021 includes $13 million of issuance costs associated with the redemption of Series A preferred shares.