EARNINGS PER COMMON SHARE (Tables)

12 Months Ended

Dec. 31, 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 EPS for the periods indicated:


	Year Ended December 31,
	2024		2023		2022
	(in millions)
Weighted-average common shares outstanding:
Weighted-average common shares outstanding — basic	321.2		350.1		377.6
Effect of dilutive securities:
Employee share awards (1)	3.6		1.5		2.3
Weighted-average common shares outstanding — diluted	324.8		351.6		379.9

Net income (loss):
Net income (loss)	$	1,823	$	1,643	$	2,394
Less: Net income (loss) attributable to the noncontrolling interest	516		341		241
Net income (loss) attributable to Holdings	1,307		1,302		2,153
Less: Preferred stock dividends	80		80		80
Net income (loss) available to Holdings’ common shareholders	$	1,227	$	1,222	$	2,073

EPS:
Basic	$	3.82	$	3.49	$	5.49
Diluted	$	3.78	$	3.48	$	5.46

_____________

(1)Calculated using the treasury stock method.