EARNINGS PER COMMON SHARE (Tables)

12 Months Ended

Dec. 31, 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 EPS for the periods indicated:


	Year Ended December 31,
	2023		2022		2021
	(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 interest	341		241		415
Net income (loss) attributable to Holdings	1,302		2,153		1,755
Less: Preferred stock dividends	80		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.