EARNINGS PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2023

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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(in millions, except per share data)
Weighted-average common shares outstanding:
Weighted-average common shares outstanding — basic	355.2		378.9		358.5		383.7
Effect of dilutive potential common shares:
Employee share awards (1)	0.9		1.7		1.5		2.3
Weighted-average common shares outstanding — diluted	356.1		380.6		360.0		386.1

Net income (loss):
Net income (loss)	$	831	$	1,011	$	1,097	$	1,608
Less: Net income (loss) attributable to the noncontrolling interest	72		44		161		111
Net income (loss) attributable to Holdings	759		967		936		1,497
Less: Preferred stock dividends	26		26		40		40
Net income (loss) available to Holdings’ common shareholders	$	733	$	941	$	896	$	1,457

Earnings per common share:
Basic	$	2.06	$	2.48	$	2.50	$	3.80
Diluted	$	2.06	$	2.47	$	2.49	$	3.77

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(1)Calculated using the treasury stock method.