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EARNINGS PER COMMON SHARE
 3 Months Ended
Mar. 31, 2024
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:
 
Three Months Ended March 31,
 
20242023
(in millions, except per share data)
Weighted-average common shares outstanding:
Weighted-average common shares outstanding — basic
330.2 361.9 
Effect of dilutive potential common shares:
Employee share awards (1)2.5 2.2 
Weighted-average common shares outstanding — diluted
332.7 364.1 
Net income (loss):
Net income (loss)$217 $266 
Less: Net income (loss) attributable to the noncontrolling interest103 89 
Net income (loss) attributable to Holdings114 177 
Less: Preferred stock dividends14 14 
Net income (loss) available to Holdings’ common shareholders$100 $163 
Earnings per common share:
Basic$0.30 $0.45 
Diluted$0.30 $0.45 
______________
(1)Calculated using the treasury stock method.
For the three months ended March 31, 2024 and 2023, 3.0 million and 2.5 million, respectively, of outstanding stock awards, were not included in the computation of diluted earnings per share because their effect was anti-dilutive.