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Computation of Earnings per Common Share (Tables)
9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Computation of Basic and Diluted EPS The following table presents the Company’s computation of basic and diluted EPS for the periods indicated:

 

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

(amounts in millions, except share and per share amounts)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Net income available to common shareholders

 

$

140

 

 

$

107

 

 

$

421

 

 

$

296

 

Less: Dividends paid on and earnings allocated to
   participating securities

 

 

(2

)

 

 

(1

)

 

 

(5

)

 

 

(4

)

Earnings applicable to common stock

 

$

138

 

 

$

106

 

 

$

416

 

 

$

292

 

Weighted average common shares outstanding

 

 

464,047,337

 

 

 

461,780,959

 

 

 

463,813,827

 

 

 

462,898,726

 

Basic earnings per common share

 

$

0.30

 

 

$

0.23

 

 

$

0.90

 

 

$

0.63

 

Earnings applicable to common stock

 

$

138

 

 

$

106

 

 

$

416

 

 

$

292

 

Weighted average common shares outstanding

 

 

464,047,337

 

 

 

461,780,959

 

 

 

463,813,827

 

 

 

462,898,726

 

Potential dilutive common shares

 

 

834,612

 

 

 

864,855

 

 

 

744,292

 

 

 

614,082

 

Total shares for diluted earnings per common share
   computation

 

 

464,881,949

 

 

 

462,645,814

 

 

 

464,558,119

 

 

 

463,512,808

 

Diluted earnings per common share and common share
   equivalents

 

$

0.30

 

 

$

0.23

 

 

$

0.90

 

 

$

0.63