Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2021

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 June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(Dollars in millions, except share data)
Net income applicable to common stockholders	$	147	$	116	$	296	$	161
Weighted Average Shares
Weighted average common shares outstanding	52,763,868		56,790,642		52,719,959		56,723,254
Effect of dilutive securities
Stock-based awards	772,801		333,064		697,937		433,561
Weighted average diluted common shares	$	53,536,669	$	57,123,706	$	53,417,896	$	57,156,815
Earnings per common share
Basic earnings per common share	$	2.78	$	2.04	$	5.61	$	2.85
Effect of dilutive securities
Stock-based awards	(0.04)		(0.01)		(0.07)		(0.02)
Diluted earnings per common share	$	2.74	$	2.03	$	5.54	$	2.83