XML 82 R70.htm IDEA: XBRL DOCUMENT v3.24.2.u1
EARNINGS PER COMMON SHARE - Schedule of Net Income (Loss) per Common Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Numerator        
Net income (loss) $ 724 $ 670 $ 1,457 $ 1,035
Less: dividends declared - common shares and unvested common shares (87) (72) (163) (136)
Undistributed earnings, basic 637 599 1,294 899
Undistributed earnings, diluted $ 637 $ 599 $ 1,294 $ 899
Percentage allocated to common shareholders 98.80% 98.80% 98.80% 98.80%
Net income (loss) available to common stockholders, basic before dividends, common stock $ 630 $ 591 $ 1,279 $ 888
Net income (loss) available to common stockholders, diluted before dividends, common stock 630 591 1,279 888
Add: dividends declared - common shareholders 86 71 161 135
Numerator for basic earnings per common share 715 662 1,440 1,022
Numerator for diluted earnings per common share $ 715 $ 662 $ 1,440 $ 1,022
Denominator        
Denominator for basic earnings per weighted-average common shares (in shares) 42.8 40.7 42.9 39.7
Effect of dilutive securities:        
Options (in shares) 0.0 0.0 0.0 0.0
Denominator for diluted earnings per adjusted weighted-average common shares (in shares) 42.8 40.7 42.9 39.7
Per common share net income (loss)        
Basic (in dollars per share) $ 16.70 $ 16.26 $ 33.57 $ 25.74
Diluted (in dollars per share) $ 16.70 $ 16.26 $ 33.57 $ 25.74
Basic weighted-average common shares outstanding (in shares) 42.8 40.7 42.9 39.7
Basic weighted-average common shares outstanding and unvested common shares expected to vest (in shares) 43.4 41.2 43.4 40.2