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Earnings Per Common Share (Tables)
 9 Months Ended
Sep. 30, 2022
Earnings Per Common Share [Abstract]  
Schedule Of Net Income (Loss) Per Common Share
Three Months Ended
Nine Months Ended
September 30,
September 30,
(Dollars in millions, except per share amounts)
2022
2021
2022
2021
Net income (loss) per share:
Numerator
Net income (loss)
 
$
(319)
$
(73)
$
101
$
948
Less:
 
dividends declared-common shares and unvested common shares
(65)
(61)
(191)
(186)
Undistributed earnings
(384)
(135)
(90)
763
Percentage allocated to common shareholders
(1)
100.0
%
100.0
%
98.7
%
98.7
%
(384)
(135)
(88)
752
Add:
 
dividends declared-common shareholders
65
61
188
183
Numerator for basic and diluted earnings per common share
$
(319)
$
(73)
$
100
$
936
Denominator
Denominator for basic earnings per weighted-average common shares
38.8
39.2
38.8
39.4
Effect of dilutive securities:
 
 
 
 
Options
-
-
-
-
Denominator for diluted earnings per adjusted weighted-average common shares
38.8
39.2
38.8
39.5
Per common share net income (loss)
Basic
$
(8.22)
$
(1.88)
$
2.57
$
23.74
Diluted
$
(8.22)
$
(1.88)
$
2.57
$
23.72
(1)
Basic weighted-average common shares outstanding
38.8
39.2
38.8
39.4
Basic weighted-average common shares outstanding and unvested common shares
expected to vest
38.8
39.2
39.4
39.9
Percentage allocated to common shareholders
100.0
%
100.0
%
98.7
%
98.7
%
(Some amounts may not reconcile due to rounding.)