Earnings per Common Share

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Earnings per Common Share

Earnings per Common Share

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

	Three months ended March 31,
($ in millions, except per share data; shares in thousands) (a)	2022		2021
Net income from continuing operations	$	655	$	796
Preferred stock dividends — Series B	(16)		—
Preferred stock dividends — Series C	(12)		—
Net income from continuing operations attributable to common stockholders	$	627	$	796
Net income attributable to common stockholders	$	627	$	796
Basic weighted-average common shares outstanding (b)	335,678		375,229
Diluted weighted-average common shares outstanding (b)	337,812		377,529
Basic earnings per common share
Net income from continuing operations	$	1.87	$	2.12
Net income	$	1.87	$	2.12
Diluted earnings per common share
Net income from continuing operations	$	1.86	$	2.11
Net income	$	1.86	$	2.11

(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.