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EARNINGS PER COMMON SHARE
 3 Months Ended
Mar. 31, 2025
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,
 
20252024
(in millions, except per share data)
Weighted-average common shares outstanding:
Weighted-average common shares outstanding — basic
307.8 330.2 
Effect of dilutive potential common shares:
Employee share awards (1)4.1 2.5 
Weighted-average common shares outstanding — diluted
311.9 332.7 
Net income (loss):
Net income (loss)$150 $195 
Less: Net income (loss) attributable to the noncontrolling interest87 103 
Net income (loss) attributable to Holdings63 92 
Less: Preferred stock dividends14 14 
Net income (loss) available to Holdings’ common shareholders$49 $78 
Earnings per common share:
Basic$0.16 $0.24 
Diluted$0.16 $0.23 
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(1)Calculated using the treasury stock method.
For the three months ended March 31, 2025 and 2024, 1.9 million, and 3.0 million, respectively, of outstanding stock awards, were not included in the computation of diluted EPS because their effect was anti-dilutive.