Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2024

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)	2024		2023		2024		2023
Net income from continuing operations	$	357	$	296	$	808	$	945
Preferred stock dividends — Series B	(16)		(16)		(48)		(48)
Preferred stock dividends — Series C	(11)		(11)		(35)		(35)
Net income from continuing operations attributable to common stockholders	$	330	$	269	$	725	$	862
Loss from discontinued operations, net of tax	—		—		—		(1)
Net income attributable to common stockholders	$	330	$	269	$	725	$	861
Basic weighted-average common shares outstanding (b)	307,312		304,134		306,699		303,497
Diluted weighted-average common shares outstanding (b)	311,044		305,693		309,786		304,601
Basic earnings per common share
Net income from continuing operations	$	1.07	$	0.88	$	2.37	$	2.84
Loss from discontinued operations, net of tax	—		—		—		(0.01)
Net income	$	1.07	$	0.88	$	2.37	$	2.84
Diluted earnings per common share
Net income from continuing operations	$	1.06	$	0.88	$	2.34	$	2.83
Loss from discontinued operations, net of tax	—		—		—		(0.01)
Net income	$	1.06	$	0.88	$	2.34	$	2.83

(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.