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Earnings Per Common Share | 3 Months Ended
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Mar. 31, 2021
Earnings Per Share [Abstract] |
Earnings Per Common Share | 2. Earnings Per Common Share Basic earnings per share is the amount of earnings (adjusted for dividends declared on our preferred stock) available to each Common Share outstanding during the reporting periods. Diluted earnings per share is the amount of earnings available to each Common Share outstanding during the reporting periods adjusted to include the effects of potentially dilutive Common Shares. Potentially dilutive Common Shares include stock options and other stock-based awards. Potentially dilutive Common Shares are excluded from the computation of diluted earnings per share in the periods where the effect would be antidilutive. Our basic and diluted earnings per Common Share are calculated as follows:
| Three months ended March 31, |  |
dollars in millions, except per share amounts | 2021 | 2020 |  |  |
EARNINGS |  |  |  |  |
Income (loss) from continuing operations | $ | 618 |  | $ | 145 |  |  |  |
Less: Net income (loss) attributable to noncontrolling interests | — |  | — |  |  |  |
Income (loss) from continuing operations attributable to Key | 618 |  | 145 |  |  |  |
Less: Dividends on Preferred Stock | 27 |  | 27 |  |  |  |
Income (loss) from continuing operations attributable to Key common shareholders | 591 |  | 118 |  |  |  |
Income (loss) from discontinued operations, net of taxes | 4 |  | 1 |  |  |  |
Net income (loss) attributable to Key common shareholders | $ | 595 |  | $ | 119 |  |  |  |
WEIGHTED-AVERAGE COMMON SHARES |  |  |  |  |
Weighted-average Common Shares outstanding (000) | 964,878 |  | 967,446 |  |  |  |
Effect of Common Share options and other stock awards | 9,419 |  | 8,664 |  |  |  |
Weighted-average Common Shares and potential Common Shares outstanding (000) (a) | 974,297 |  | 976,110 |  |  |  |
EARNINGS PER COMMON SHARE |  |  |  |  |
Income (loss) from continuing operations attributable to Key common shareholders | $ | .61 |  | $ | .12 |  |  |  |
Income (loss) from discontinued operations, net of taxes | — |  | — |  |  |  |
Net income (loss) attributable to Key common shareholders (b) | .62 |  | .12 |  |  |  |
Income (loss) from continuing operations attributable to Key common shareholders — assuming dilution | $ | .61 |  | $ | .12 |  |  |  |
Income (loss) from discontinued operations, net of taxes — assuming dilution | — |  | — |  |  |  |
Net income (loss) attributable to Key common shareholders — assuming dilution (b) | .61 |  | .12 |  |  |  |
(a)Assumes conversion of Common Share options and other stock awards and/or convertible preferred stock, as applicable. (b)EPS may not foot due to rounding.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
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