Earnings Per Share (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(Dollars in millions, except share data)
Net income applicable to common shareholders	$	73	$	152	$	186	$	448
Weighted Average Shares
Weighted average common shares outstanding	53,330,518		52,862,288		53,273,743		52,767,923
Effect of dilutive securities
Stock-based awards	279,748		797,134		300,947		731,366
Weighted average diluted common shares	53,610,266		53,659,422		53,574,690		53,499,289
Earnings per common share
Basic earnings per common share	$	1.36	$	2.87	$	3.49	$	8.48
Effect of dilutive securities
Stock-based awards	(0.01)		(0.04)		(0.02)		(0.11)
Diluted earnings per common share	$	1.35	$	2.83	$	3.47	$	8.37