EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

Basic and diluted earnings loss per share

The calculation of basic and diluted earnings per share for the three and nine-month periods ended September 30, 2018 and 2017 was as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
(dollar amounts in millions, share amounts in thousands)	2018			2017			2018			2017
Basic earnings per common share:
Net income	$	378		$	275		$	1,059		$	754
Preferred stock dividends	(18		)	(19		)	(51		)	(57		)
Net income available to common shareholders	$	360		$	256		$	1,008		$	697
Average common shares issued and outstanding	1,084,536			1,086,038			1,090,570			1,087,115
Basic earnings per common share	$	0.33		$	0.24		$	0.92		$	0.64
Diluted earnings per common share:
Net income available to common shareholders	$	360		$	256		$	1,008		$	697
Effect of assumed preferred stock conversion	—			—			—			—
Net income applicable to diluted earnings per share	$	360		$	256		$	1,008		$	697
Average common shares issued and outstanding	1,084,536			1,086,038			1,090,570			1,087,115
Dilutive potential common shares:
Stock options and restricted stock units and awards	15,655			17,079			17,105			17,515
Shares held in deferred compensation plans	3,549			3,228			3,416			3,096
Dilutive impact of Preferred Stock	—			—			5,887			—
Other	—			146			—			152
Dilutive potential common shares	19,204			20,453			26,408			20,763
Total diluted average common shares issued and outstanding	1,103,740			1,106,491			1,116,978			1,107,878
Diluted earnings per common share	$	0.33		$	0.23		$	0.90		$	0.63