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EARNINGS PER COMMON SHARE
 6 Months Ended
Jun. 30, 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 June 30,Six Months Ended June 30,
 
2025202420252024
(in millions, except per share data)
Weighted-average common shares outstanding:
Weighted-average common shares outstanding — basic
303.2 324.2 305.5 327.2 
Effect of dilutive potential common shares:
Employee share awards (1)— 3.1 — 3.2 
Weighted-average common shares outstanding — diluted
303.2 327.3 305.5 330.4 
Net income (loss):
Net income (loss)$(283)$565 $(133)$760 
Less: Net income (loss) attributable to the noncontrolling interest66 137 153 240 
Net income (loss) attributable to Holdings(349)428 (286)520 
Less: Preferred stock dividends18 26 32 40 
Net income (loss) available to Holdings’ common shareholders$(367)$402 $(318)$480 
Earnings per common share:
Basic$(1.21)$1.24 $(1.04)$1.47 
Diluted$(1.21)$1.23 $(1.04)$1.45 
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(1)Calculated using the treasury stock method.
For the three and six months ended June 30, 2025 and 2024, 5.0 million, 5.5 million, 3.0 million and 3.1 million, respectively, of outstanding stock awards, were not included in the computation of diluted EPS because their effect was anti-dilutive.