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EARNINGS PER COMMON SHARE (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [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.

									Three Months Ended March 31,
(Dollars in millions, except per share amounts)															2024						2023
Net income (loss) per share:
Numerator
Net income (loss)															$	733					$	365
Less: dividends declared - common shares and unvested common shares															(76)						(65)
Undistributed earnings															657						300
Percentage allocated to common shareholders (1)															98.9%						98.7%
															649						296
Add: dividends declared - common shareholders															75						64
Numerator for basic and diluted earnings per common share															$	725					$	360
Denominator
Denominator for basic earnings per weighted-average common shares															42.9						38.7
Effect of dilutive securities:
Options															—						—
Denominator for diluted earnings per adjusted weighted-average common shares															42.9						38.7
Per common share net income (loss)
Basic															$	16.87					$	9.31
Diluted															$	16.87					$	9.31
(1) Basic weighted - average common shares outstanding															42.9						38.7
Basic weighted - average common shares outstanding and unvested common shares expected to vest															43.4						39.2
Percentage allocated to common shareholders															98.9%						98.7%

(Some amounts may not reconcile due to rounding.)

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- References

No definition available.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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