Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2022

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,
	2022		2021		2022		2021
	(Dollars in millions, except share data)
Net income applicable to common shareholders	$	60	$	147	$	113	$	296
Weighted Average Shares
Weighted average common shares outstanding	53,269,631		52,763,868		53,244,886		52,719,959
Effect of dilutive securities
Stock-based awards	265,817		772,801		311,721		697,937
Weighted average diluted common shares	53,535,448		53,536,669		53,556,607		53,417,896
Earnings per common share
Basic earnings per common share	$	1.13	$	2.78	$	2.12	$	5.61
Effect of dilutive securities
Stock-based awards	(0.01)		(0.04)		(0.01)		(0.07)
Diluted earnings per common share	$	1.12	$	2.74	$	2.11	$	5.54