Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Common Share

Basic and diluted earnings per common share were calculated as follows:

	Three Months Ended March 31,
	2021		2020
	(Dollars in millions, except per share amounts, shares in thousands)
Income (Numerator):
Net income	$	475	314
Net income applicable to common stock for computing basic earnings per common share	475		314
Net income as adjusted for purposes of computing diluted earnings per common share	$	475	314
Shares (Denominator):
Weighted-average number of shares:
Outstanding during period	1,100,350		1,092,970
Non-vested restricted stock	(17,876)		(17,511)
Weighted-average shares outstanding for computing basic earnings per common share	1,082,474		1,075,459
Incremental common shares attributable to dilutive securities:
Shares issuable under convertible securities	10		10
Shares issuable under incentive compensation plans	9,102		6,285
Number of shares as adjusted for purposes of computing diluted earnings per common share	1,091,586		1,081,754
Basic earnings per common share	$	0.44	0.29
Diluted earnings per common share	$	0.44	0.29