Earnings per Common Share (Tables)

3 Months Ended

Mar. 31, 2023

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 March 31,
($ in millions, except per share data; shares in thousands) (a)	2023		2022
Net income from continuing operations	$	320	$	655
Preferred stock dividends — Series B	(16)		(16)
Preferred stock dividends — Series C	(12)		(12)
Net income from continuing operations attributable to common stockholders	$	292	$	627
Loss from discontinued operations, net of tax	(1)		—
Net income attributable to common stockholders	$	291	$	627
Basic weighted-average common shares outstanding (b)	302,657		335,678
Diluted weighted-average common shares outstanding (b)	303,448		337,812
Basic earnings per common share
Net income from continuing operations	$	0.97	$	1.87
Net income	$	0.96	$	1.87
Diluted earnings per common share
Net income from continuing operations	$	0.96	$	1.86
Net income	$	0.96	$	1.86

(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.