Earnings Per Share (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(Dollars in millions, except share data)
Net income applicable to common shareholders	$	152	$	222	$	448	$	384
Weighted Average Shares
Weighted average common shares outstanding	52,862,288		57,032,746		52,767,923		56,827,171
Effect of dilutive securities
Stock-based awards	797,134		347,063		731,366		404,518
Weighted average diluted common shares	$	53,659,422	$	57,379,809	$	53,499,289	$	57,231,689
Earnings per common share
Basic earnings per common share	$	2.87	$	3.90	$	8.48	$	6.76
Effect of dilutive securities
Stock-based awards	(0.04)		(0.02)		(0.11)		(0.05)
Diluted earnings per common share	$	2.83	$	3.88	$	8.37	$	6.71