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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Schedule of Net Income (Loss) Per Common Share
Net income (loss) per common share has been computed as per below, based upon weighted average common basic and dilutive shares outstanding.
Years Ended December 31,
(Amounts in millions, except per share amounts)202320222021
Net income (loss) per share:
Numerator
Net income (loss)$2517 $597 $1379 
Less:  dividends declared-common shares and unvested common shares(288)(255)(247)
Undistributed earnings2,229 342 1,132 
Percentage allocated to common shareholders (1)
98.8 %98.7 %98.7 %
2,203 337 1,117 
Add:  dividends declared-common shareholders285 252 244 
Numerator for basic and diluted earnings per common share$2,488 $589 $1,361 
Denominator
Denominator for basic earnings per weighted-average common shares41.3 38.8 39.3 
Effect of dilutive securities:
Options— — — 
Denominator for diluted earnings per adjusted weighted-average common shares41.3 38.8 39.3 
Per common share net income (loss)
Basic$60.19 $15.19 $34.66 
Diluted$60.19 $15.19 $34.62 
(1)Basic weighted-average common shares outstanding
41.3 38.8 39.3 
Basic weighted-average common shares outstanding and unvested common shares expected to vest41.8 39.3 39.8 
Percentage allocated to common shareholders98.8 %98.7 %98.7 %
(Some amounts may not reconcile due to rounding.)