Earnings per Common Share

6 Months Ended

Jun. 30, 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 June 30,				Six months ended June 30,
($ in millions, except per share data; shares in thousands) (a)	2022		2021		2022		2021
Net income from continuing operations	$	482	$	899	$	1,137	$	1,695
Preferred stock dividends — Series B	(16)		—		(32)		—
Preferred stock dividends — Series C	(12)		—		(24)		—
Net income from continuing operations attributable to common stockholders	$	454	$	899	$	1,081	$	1,695
Income from discontinued operations, net of tax	—		1		—		1
Net income attributable to common stockholders	$	454	$	900	$	1,081	$	1,696
Basic weighted-average common shares outstanding (b)	322,057		370,412		328,830		372,807
Diluted weighted-average common shares outstanding (b)	324,027		373,029		330,882		375,265
Basic earnings per common share
Net income from continuing operations	$	1.41	$	2.43	$	3.29	$	4.55
Net income	$	1.41	$	2.43	$	3.29	$	4.55
Diluted earnings per common share
Net income from continuing operations	$	1.40	$	2.41	$	3.27	$	4.52
Net income	$	1.40	$	2.41	$	3.27	$	4.52

(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.