Earnings per Common Share

12 Months Ended

Dec. 31, 2024

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.

Year ended December 31, ($ in millions, except per share data; shares in thousands) (a)	2024		2023		2022
Net income from continuing operations	$	669	$	959	$	1,715
Preferred stock dividends — Series B	(63)		(63)		(63)
Preferred stock dividends — Series C	(47)		(47)		(47)
Net income from continuing operations attributable to common shareholders	$	559	$	849	$	1,605
Loss from discontinued operations, net of tax	(1)		(2)		(1)
Net income attributable to common shareholders	$	558	$	847	$	1,604
Basic weighted-average common shares outstanding (b)	306,913		303,751		316,690
Diluted weighted-average common shares outstanding (b)	310,160		305,135		318,629
Basic earnings per common share
Net income from continuing operations	$	1.82	$	2.79	$	5.07
Loss from discontinued operations, net of tax	—		(0.01)		—
Net income	$	1.82	$	2.79	$	5.06
Diluted earnings per common share
Net income from continuing operations	$	1.80	$	2.78	$	5.04
Loss from discontinued operations, net of tax	—		(0.01)		—
Net income	$	1.80	$	2.77	$	5.03

(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.