EARNINGS PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2024

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 earnings per common share:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(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 interest	137		72		240		161
Net income (loss) attributable to Holdings	428		759		542		936
Less: Preferred stock dividends	26		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.