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EARNINGS PER COMMON SHARE (Tables) | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Schedule of Net Income (Loss) per Common Share | Net income (loss) per common share has been computed as shown below, based upon weighted average common basic and dilutive shares outstanding.
(Dollars in millions, except per share amounts) | Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Net income (loss) per share: |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |
Net income (loss) | $ | 680 |  | $ | 724 |  | $ | 890 |  | $ | 1,457
Less: dividends declared - common shares and unvested common shares | (84) |  | (87) |  | (169) |  | (163)
Undistributed earnings | 596 |  | 637 |  | 721 |  | 1,294
Percentage allocated to common shareholders (1) | 98.8% |  | 98.8% |  | 98.8% |  | 98.8%
| 589 |  | 630 |  | 713 |  | 1,279
Add: dividends declared - common shareholders | 83 |  | 86 |  | 167 |  | 161
Numerator for basic and diluted earnings per common share | $ | 672 |  | $ | 715 |  | $ | 880 |  | $ | 1,440
Denominator |  |  |  |  |  |  |
Denominator for basic earnings per weighted-average common shares | 41.8 |  | 42.8 |  | 42.0 |  | 42.9
Effect of dilutive securities: |  |  |  |  |  |  |
Options | — |  | — |  | — |  | —
Denominator for diluted earnings per adjusted weighted-average common shares | 41.8 |  | 42.8 |  | 42.0 |  | 42.9
Per common share net income (loss) |  |  |  |  |  |  |
Basic | $ | 16.10 |  | $ | 16.70 |  | $ | 20.93 |  | $ | 33.57
Diluted | $ | 16.10 |  | $ | 16.70 |  | $ | 20.93 |  | $ | 33.57
(1) Basic weighted - average common shares outstanding | 41.8 |  | 42.8 |  | 42.0 |  | 42.9
Basic weighted - average common shares outstanding and unvested common shares expected to vest | 42.3 |  | 43.4 |  | 42.5 |  | 43.4
Percentage allocated to common shareholders | 98.8% |  | 98.8% |  | 98.8% |  | 98.8%
(Some amounts may not reconcile due to rounding.)

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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 + Details
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