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EARNINGS PER COMMON SHARE
 6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE EARNINGS PER COMMON SHARE
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,
 
2023202220232022
(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 interest72 44 161 111 
Net income (loss) attributable to Holdings759 967 936 1,497 
Less: Preferred stock dividends26 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.
For the three and six months ended June 30, 2023 and 2022, 3.0 million, 2.5 million, 3.3 million and 3.2 million of outstanding stock awards, respectively, were not included in the computation of diluted earnings per share because their effect was anti-dilutive.