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EARNINGS PER SHARE (Tables) | 9 Months Ended
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Sep. 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 September 30, |  | Nine months ended September 30,
(Dollars in millions and shares in thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Earnings per common share — Basic: |  |  |  |  |  |  |  |
Earnings from continuing operations |  | $ | 143 |  |  | $ | 160 |  |  | $ | 354 |  |  | $ | 282 |
Less: Distributed and undistributed earnings allocated to unvested stock |  | (1) |  |  | (1) |  |  | (2) |  |  | (2) |
Earnings from continuing operations available to common shareholders |  | $ | 142 |  |  | $ | 159 |  |  | $ | 352 |  |  | 280 |
Weighted average common shares outstanding |  | 42,731 |  |  | 45,087 |  |  | 43,399 |  |  | 45,813 |
Earnings from continuing operations per common share — Basic |  | $ | 3.32 |  |  | $ | 3.51 |  |  | $ | 8.11 |  |  | $ | 6.11 |
Earnings per common share — Diluted: |  |  |  |  |  |  |  |
Earnings from continuing operations |  | $ | 143 |  |  | $ | 160 |  |  | $ | 354 |  |  | $ | 282 |
Less: Distributed and undistributed earnings allocated to unvested stock |  | — |  |  | — |  |  | — |  |  | — |
Earnings from continuing operations available to common shareholders — Diluted |  | $ | 143 |  |  | $ | 160 |  |  | $ | 354 |  |  | $ | 282 |
Weighted average common shares outstanding — Basic |  | 42,731 |  |  | 45,087 |  |  | 43,399 |  |  | 45,813 |
Effect of dilutive equity awards |  | 1,154 |  |  | 1,183 |  |  | 1,107 |  |  | 1,047 |
Weighted average common shares outstanding — Diluted |  | 43,885 |  |  | 46,270 |  |  | 44,506 |  |  | 46,860 |
Earnings from continuing operations per common share — Diluted |  | $ | 3.25 |  |  | $ | 3.44 |  |  | $ | 7.96 |  |  | $ | 6.01 |
Anti-dilutive equity awards not included in Diluted EPS |  | 61 |  |  | 73 |  |  | 78 |  |  | 1,077 |
———————————— 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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