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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Computation of Basic and Diluted Earnings Per Share of Common Stock
The following table presents the Company’s computation of basic and diluted earnings per common share:

For the Years Ended December 31,
(in millions, except share and per share amounts)202320222021
Net (loss) income available to common stockholders
$(112)$617 $563 
Less: Dividends paid on and earnings allocated to participating securities(5)(8)(7)
(Loss) earnings applicable to common stock
$(117)$609 $556 
Weighted average common shares outstanding713,643,550483,603,395463,865,661
(Loss) basic earnings per common share
$(0.16)$1.26 $1.20 
(Loss) earnings applicable to common stock
$(117)$609 $556 
Weighted average common shares outstanding713,643,550483,603,395463,865,661
Potential dilutive common shares— 1,530,950767,058
Total shares for diluted (loss) earnings per common share computation
713,643,550 485,134,345 464,632,719 
Diluted (loss) earnings per common share and common share equivalents
$(0.16)$1.26 $1.20 
Schedule of Premises and Equipment and Estimated Useful Lives The estimated useful lives for the principal classes of assets are as follows:
Premises and Equipment
Useful Lives
Buildings
30
Furniture, fixtures and equipment, and building improvements
13.5
Leasehold improvements
10
ATMs
7