Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six months ended June 30,
($ in millions, except per share data; shares in thousands) (a)	2023		2022		2023		2022
Net income from continuing operations	$	329	$	482	$	649	$	1,137
Preferred stock dividends — Series B	(16)		(16)		(32)		(32)
Preferred stock dividends — Series C	(12)		(12)		(24)		(24)
Net income from continuing operations attributable to common stockholders	$	301	$	454	$	593	$	1,081
Loss from discontinued operations, net of tax	—		—		(1)		—
Net income attributable to common stockholders	$	301	$	454	$	592	$	1,081
Basic weighted-average common shares outstanding (b)	303,684		322,057		303,173		328,830
Diluted weighted-average common shares outstanding (b)	304,646		324,027		304,050		330,882
Basic earnings per common share
Net income from continuing operations	$	0.99	$	1.41	$	1.96	$	3.29
Net income	$	0.99	$	1.41	$	1.95	$	3.29
Diluted earnings per common share
Net income from continuing operations	$	0.99	$	1.40	$	1.95	$	3.27
Net income	$	0.99	$	1.40	$	1.95	$	3.27

(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.