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EARNINGS PER COMMON SHARE (Tables) | 9 Months Ended
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Sep. 30, 2022
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The following table presents a reconciliation of Net income (loss) and Weighted-average common shares used in calculating basic and diluted Earnings per common share for the periods indicated:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021 |  |
| (in millions)
Weighted-average common shares outstanding: |  |  |  |  |  |  |  |  |
Weighted-average common shares outstanding — basic | 374.5 |  |  | 411.3 |  |  | 380.6 |  |  | 423.2 |  |  |
Effect of dilutive potential common shares: |  |  |  |  |  |  |  |  |
Employee share awards (1) | 2.3 |  |  | 3.3 |  |  | 2.3 |  |  | — |  |  |
Weighted-average common shares outstanding — diluted (2) | 376.8 |  |  | 414.6 |  |  | 382.9 |  |  | 423.2 |  |  |
Net income (loss): |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 327 |  |  | $ | 765 |  |  | $ | 2,739 |  |  | $ | (412) |  |  |
Less: Net income (loss) attributable to the noncontrolling interest | 54 |  |  | 93 |  |  | 165 |  |  | 281 |  |  |
Net income (loss) attributable to Holdings | 273 |  |  | 672 |  |  | 2,574 |  |  | (693) |  |  |
Less: Preferred stock dividends | 14 |  |  | 14 |  |  | 54 |  |  | 53 |  |  |
Net income (loss) available to Holdings’ common shareholders | $ | 259 |  |  | $ | 658 |  |  | $ | 2,520 |  |  | $ | (746) |  |  |
Earnings per common share: |  |  |  |  |  |  |  |  |
Basic | $ | 0.69 |  |  | $ | 1.60 |  |  | $ | 6.62 |  |  | $ | (1.76) |  |  |
Diluted | $ | 0.69 |  |  | $ | 1.59 |  |  | $ | 6.58 |  |  | $ | (1.76) |  |  |
_____________ (1)Calculated using the treasury stock method. (2)Due to net loss for the nine months ended September 30, 2021 approximately 3.7 million share awards were excluded from the diluted EPS calculation.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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