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EARNINGS PER COMMON SHARE (Tables)
 9 Months Ended
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,
 
2022202120222021
(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 interest54 93 165 281 
Net income (loss) attributable to Holdings273 672 2,574 (693)
Less: Preferred stock dividends14 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)
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(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.