XML 94 R35.htm IDEA: XBRL DOCUMENT
v3.25.3

EARNINGS PER COMMON SHARE (Tables) | 9 Months Ended
--- | ---
Sep. 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 September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Net income (loss) per share: |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |
Net income (loss) | $ | 255 |  | $ | 509 |  | $ | 1,145 |  | $ | 1,966
Less: dividends declared - common shares and unvested common shares | (84) |  | (86) |  | (253) |  | (249)
Undistributed earnings | 172 |  | 423 |  | 892 |  | 1,717
Percentage allocated to common shareholders (1) | 98.8% |  | 98.8% |  | 98.8% |  | 98.8%
| 169 |  | 418 |  | 882 |  | 1,697
Add: dividends declared - common shareholders | 83 |  | 85 |  | 250 |  | 246
Numerator for basic and diluted earnings per common share | $ | 252 |  | $ | 503 |  | $ | 1,132 |  | $ | 1,943
Denominator |  |  |  |  |  |  |
Denominator for basic earnings per weighted-average common shares | 41.4 |  | 42.6 |  | 41.8 |  | 42.8
Effect of dilutive securities: |  |  |  |  |  |  |
Options | — |  | — |  | — |  | —
Denominator for diluted earnings per adjusted weighted-average common shares | 41.4 |  | 42.6 |  | 41.8 |  | 42.8
Per common share net income (loss) |  |  |  |  |  |  |
Basic | $ | 6.09 |  | $ | 11.80 |  | $ | 27.06 |  | $ | 45.40
Diluted | $ | 6.09 |  | $ | 11.80 |  | $ | 27.06 |  | $ | 45.40
(1) Basic weighted - average common shares outstanding | 41.4 |  | 42.6 |  | 41.8 |  | 42.8
Basic weighted - average common shares outstanding and unvested common shares expected to vest | 41.9 |  | 43.1 |  | 42.3 |  | 43.3
Percentage allocated to common shareholders | 98.8% |  | 98.8% |  | 98.8% |  | 98.8%
(Some amounts may not reconcile due to rounding.)

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration