Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share of Common Stock

The following table sets forth the computation of basic and diluted earnings per share of common stock:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(Dollars in millions, except share data)
Net income applicable to common stockholders	$	222	$	63	$	384	$	160
Weighted Average Shares
Weighted average common shares outstanding	57,032,746		56,484,499		56,827,171		56,607,944
Effect of dilutive securities
Stock-based awards	347,063		626,297		404,518		644,596
Weighted average diluted common shares	$	57,379,809	$	57,110,796	$	57,231,689	$	57,252,540
Earnings per common share
Basic earnings per common share	$	3.90	$	1.12	$	6.76	$	2.83
Effect of dilutive securities
Stock-based awards	(0.02)		(0.01)		(0.05)		(0.03)
Diluted earnings per common share	$	3.88	$	1.11	$	6.71	$	2.80