XML 81 R55.htm IDEA: XBRL DOCUMENT v3.24.0.1
Net Earnings Per Common Share (Tables)
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method
The following schedule summarizes the basic and diluted net earnings per common share based on the weighted average outstanding shares:
(In millions, except shares and per share amounts)202320222021
Basic:
Net income$680 $907 $1,129 
Less common and preferred dividends277 269 261 
Less impact from redemption of preferred stock— — 3 
Undistributed earnings403 638 865 
Less undistributed earnings applicable to nonvested shares4 5 7 
Undistributed earnings applicable to common shares399 633 858 
Distributed earnings applicable to common shares243 237 230 
Total earnings applicable to common shares$642 $870 $1,088 
Weighted average common shares outstanding (in thousands)147,748 150,064 159,913 
Net earnings per common share$4.35 $5.80 $6.80 
Diluted:
Total earnings applicable to common shares$642 $870 $1,088 
Weighted average common shares outstanding (in thousands)147,748 150,064 159,913 
Dilutive effect of stock options (in thousands)8 207 321 
Weighted average diluted common shares outstanding (in thousands)
147,756 150,271 160,234 
Net earnings per common share$4.35 $5.79 $6.79 
Schedule of Weighted Average Number of Shares
The following schedule presents the weighted average stock awards that were anti-dilutive and not included in the calculation of diluted earnings per share:
(In thousands)202320222021
Restricted stock and restricted stock units$1,383 $1,265 $1,374 
Stock options1,409 178 74