EARNINGS PER COMMON SHARE (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
	(in millions, except per share data)
Weighted-average common shares outstanding:
Weighted-average common shares outstanding — basic	318.2		346.4		324.2		354.4
Effect of dilutive potential common shares:
Employee share awards (1)	—		1.6		3.5		1.4
Weighted-average common shares outstanding — diluted	318.2		348.0		327.7		355.9

Net income (loss):
Net income (loss)	$	26	$	1,135	$	808	$	2,232
Less: Net income (loss) attributable to the noncontrolling interest	160		71		400		232
Net income (loss) attributable to Holdings	(134)		1,064		408		2,000
Less: Preferred stock dividends	14		14		54		54
Net income (loss) available to Holdings’ common shareholders	$	(148)	$	1,050	$	354	$	1,946

Earnings per common share:
Basic	$	(0.47)	$	3.03	$	1.09	$	5.49
Diluted	$	(0.47)	$	3.02	$	1.08	$	5.47

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(1)Calculated using the treasury stock method.