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EARNINGS PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Basic and Diluted Earnings Per Common Share From Continuing Operations | The following table presents the calculation of basic and diluted earnings per common share from continuing operations:
|  | Three months ended June 30, |  | Six months ended June 30,
(Dollars in millions and shares in thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Earnings per common share — Basic: |  |  |  |  |  |  |  |
Earnings (loss) from continuing operations |  | $ | 126 |  |  | $ | (18) |  |  | $ | 212 |  |  | $ | 122 |
Less: Distributed and undistributed earnings allocated to unvested stock |  | (1) |  |  | — |  |  | (1) |  |  | (1) |
Earnings (loss) from continuing operations available to common shareholders |  | $ | 125 |  |  | $ | (18) |  |  | $ | 211 |  |  | 121 |
Weighted average common shares outstanding |  | 43,609 |  |  | 45,975 |  |  | 43,734 |  |  | 46,176 |
Earnings (loss) from continuing operations per common share — Basic |  | $ | 2.88 |  |  | $ | (0.39) |  |  | $ | 4.81 |  |  | $ | 2.64 |
Earnings per common share — Diluted: |  |  |  |  |  |  |  |
Earnings (loss) from continuing operations |  | $ | 126 |  |  | $ | (18) |  |  | $ | 212 |  |  | $ | 122 |
Less: Distributed and undistributed earnings allocated to unvested stock |  | — |  |  | — |  |  | — |  |  | — |
Earnings (loss) from continuing operations available to common shareholders — Diluted |  | $ | 126 |  |  | $ | (18) |  |  | $ | 212 |  |  | $ | 122 |
Weighted average common shares outstanding — Basic |  | 43,609 |  |  | 45,975 |  |  | 43,734 |  |  | 46,176 |
Effect of dilutive equity awards |  | 1,024 |  |  | — |  |  | 1,083 |  |  | 980 |
Weighted average common shares outstanding — Diluted |  | 44,633 |  |  | 45,975 |  |  | 44,817 |  |  | 47,156 |
Earnings (loss) from continuing operations per common share — Diluted |  | $ | 2.83 |  |  | $ | (0.39) |  |  | $ | 4.72 |  |  | $ | 2.60 |
Anti-dilutive equity awards not included in Diluted EPS |  | 92 |  |  | 2,531 |  |  | 86 |  |  | 1,579 |
———————————— Note: Amounts may not be additive 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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