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EARNINGS PER COMMON SHARE (Tables)

6 Months Ended

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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- 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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