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EARNINGS PER COMMON SHARE
 6 Months Ended
Jun. 30, 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 June 30,Six Months Ended June 30,
 
2024202320242023
(in millions, except per share data)
Weighted-average common shares outstanding:
Weighted-average common shares outstanding — basic
324.2 355.2 327.2 358.5 
Effect of dilutive potential common shares:
Employee share awards (1)3.1 0.9 3.2 1.5 
Weighted-average common shares outstanding — diluted
327.3 356.1 330.4 360.0 
Net income (loss):
Net income (loss)$565 $831 $782 $1,097 
Less: Net income (loss) attributable to the noncontrolling interest137 72 240 161 
Net income (loss) attributable to Holdings428 759 542 936 
Less: Preferred stock dividends26 26 40 40 
Net income (loss) available to Holdings’ common shareholders$402 $733 $502 $896 
Earnings per common share:
Basic$1.24 $2.06 $1.53 $2.50 
Diluted$1.23 $2.06 $1.52 $2.49 
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(1)Calculated using the treasury stock method.
For the three and six months ended June 30, 2024 and 2023, 3.0 million, 3.1 million, 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.