Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table presents the calculation of basic and diluted earnings per common share.

	Three months ended September 30,				Nine months ended September 30,
($ in millions, except per share data; shares in thousands) (a)	2021		2020		2021		2020
Net income from continuing operations	$	712	$	476	$	2,407	$	399
Preferred stock dividends — Series B	(20)		—		(20)		—
Preferred stock dividends — Series C	(9)		—		(9)		—
Net income from continuing operations attributable to common stockholders	$	683	$	476	$	2,378	$	399
Income (loss) from discontinued operations, net of tax	—		—		1		(1)
Net income attributable to common stockholders	$	683	$	476	$	2,379	$	398
Basic weighted-average common shares outstanding (b)	359,179		375,658		368,215		375,478
Diluted weighted-average common shares outstanding (b) (c)	361,855		377,011		370,745		376,659
Basic earnings per common share
Net income from continuing operations	$	1.90	$	1.27	$	6.46	$	1.06
Net income	$	1.90	$	1.27	$	6.46	$	1.06
Diluted earnings per common share
Net income from continuing operations	$	1.89	$	1.26	$	6.41	$	1.06
Net income	$	1.89	$	1.26	$	6.42	$	1.06

(a)Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers.

(b)Includes shares related to share-based compensation that vested but were not yet issued.

(c)During the three months and nine months ended September 30, 2020, there were 0.4 million and 1.0 million, respectively, in shares underlying share-based awards excluded because their inclusion would have been antidilutive. There were no antidilutive shares during the three months and nine months ended September 30, 2021.