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EARNINGS PER COMMON SHARE
 12 Months Ended
Dec. 31, 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 EPS for the periods indicated:
 
Year Ended December 31,
 
202320222021
(in millions)
Weighted-average common shares outstanding:
Weighted-average common shares outstanding — basic
350.1 377.6 417.4 
Effect of dilutive securities:
Employee share awards (1)1.5 2.3 3.8 
Weighted-average common shares outstanding — diluted
351.6 379.9 421.2 
Net income (loss):
Net income (loss)$1,643 $2,394 $2,170 
Less: Net income (loss) attributable to the noncontrolling interest341 241 415 
Net income (loss) attributable to Holdings1,302 2,153 1,755 
Less: Preferred stock dividends80 80 79 
Net income (loss) available to Holdings’ common shareholders$1,222 $2,073 $1,676 
EPS:
Basic$3.49 $5.49 $4.02 
Diluted$3.48 $5.46 $3.98 
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(1)Calculated using the treasury stock method.
For the years ended December 31, 2023, 2022 and 2021, 3.5 million, 3.9 million, and 4.4 million of outstanding stock awards, respectively, were not included in the computation of diluted EPS because their effect was anti-dilutive.