NET EARNINGS PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings per Common Share

The following schedule presents basic and diluted net earnings per common share based on the weighted average outstanding shares:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions, except shares and per share amounts)	2024		2023		2024		2023
Basic:
Net income	$	214	$	175	$	568	$	554
Less common and preferred dividends	71		68		215		206
Undistributed earnings	143		107		353		348
Less undistributed earnings applicable to nonvested shares	2		1		4		3
Undistributed earnings applicable to common shares	141		106		349		345
Distributed earnings applicable to common shares	61		61		182		182
Total earnings applicable to common shares	$	202	$	167	$	531	$	527
Weighted average common shares outstanding (in thousands)	147,138		147,648		147,197		147,784
Net earnings per common share	$	1.37	$	1.13	$	3.61	$	3.57
Diluted:
Total earnings applicable to common shares	$	202	$	167	$	531	$	527
Weighted average common shares outstanding (in thousands)	147,138		147,648		147,197		147,784
Dilutive effect of stock options (in thousands)	12		5		5		10
Weighted average diluted common shares outstanding (in thousands)	147,150		147,653		147,202		147,794
Net earnings per common share	$	1.37	$	1.13	$	3.61	$	3.57

Schedule of Anti-Dilutive Stock Awards

The following schedule presents the weighted average stock awards that were anti-dilutive and not included in the calculation of diluted earnings per share:

	Three Months Ended September 30,		Nine Months Ended September 30,
(In thousands)	2024	2023	2024	2023
Restricted stock and restricted stock units	1,696	1,398	1,652	1,385
Stock options	1,065	1,441	1,338	1,401