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Earnings per Share
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Earnings per Share EARNINGS PER SHARE
Table 68: Basic and Diluted Earnings Per Common Share
 
 
Three months ended
June 30
 
Six months ended
June 30
 
In millions, except per share data
 
2020

 
2019

 
2020

 
2019

 
Basic
 
 
 
 
 
 
 
 
 
Net income (loss) from continuing operations
 
$
(744
)
 
$
1,185

 
$
15

 
$
2,267

 
Less:
 
 
 
 
 
 
 
 
 
Net income attributable to noncontrolling interests
 
7

 
12

 
14

 
22

 
Preferred stock dividends
 
55

 
55

 
118

 
118

 
Preferred stock discount accretion and redemptions
 
1

 
1

 
2

 
2

 
Net income (loss) from continuing operations attributable to common shareholders
 
(807
)

1,117


(119
)

2,125

 
Less: Dividends and undistributed earnings allocated to nonvested restricted shares
 
1

 
4

 
4

 
8

 
Net income (loss) from continuing operations attributable to basic common shareholders
 
$
(808
)

$
1,113

 
$
(123
)

$
2,117

 
Net income from discontinued operations attributable to common shareholders
 
4,399

 
189

 
4,555

 
378

 
Less: Undistributed earnings allocated to nonvested restricted shares
 
$
21

 
$
—

 
$
22

 
$
1

 
Net income from discontinued operations attributable to basic common shareholders
 
4,378

 
189

 
4,533

 
377

 
Basic weighted-average common shares outstanding
 
426

 
451

 
428

 
453

 
Basic earnings (loss) per common share from continuing operations (a)
 
$
(1.90
)
 
$
2.47

 
$
(.29
)
 
$
4.68

 
Basic earnings per common share from discontinued operations (a)
 
$
10.28

 
$
.42

 
$
10.60

 
$
.83

 
Basic earnings per common share (b)
 
$
8.40

 
$
2.89

 
$
10.33

 
$
5.51

 
Diluted
 

 
 
 
 
 
 
 
Net income (loss) from continuing operations attributable to diluted common shareholders
 
$
(808
)
 
$
1,113

 
$
(123
)
 
$
2,117

 
Net income from discontinued operations attributable to basic common shareholders
 
4,378

 
189

 
4,533

 
377

 
Less: Impact of earnings per share dilution from discontinued operations
 
1

 
2

 
2

 
5

 
Net income from discontinued operations attributable to diluted common shareholders
 
$
4,377

 
$
187

 
$
4,531

 
$
372

 
Basic weighted-average common shares outstanding
 
426

 
451

 
428

 
453

 
Dilutive potential common shares (c)
 
—

 
1

 
—

 
1

 
Diluted weighted-average common shares outstanding
 
426

 
452

 
428

 
454

 
Diluted earnings (loss) per common share from continuing operations (a)
 
$
(1.90
)
 
$
2.47

 
$
(.29
)
 
$
4.67

 
Diluted earnings per common share from discontinued operations (a)
 
$
10.28

 
$
.41

 
$
10.59

 
$
.82

 
Diluted earnings per common share (b)
 
$
8.40

 
$
2.88

 
$
10.32

 
$
5.49

 
(a)
Basic and diluted earnings per share under the two-class method are determined on net income reported on the income statement less earnings allocated to nonvested restricted shares and restricted share units with nonforfeitable dividends and dividend rights (participating securities).
(b)
See Note 1 Accounting Policies in the Notes to Consolidated Financial Statements of this Report for additional information on our policy for not allocating losses to participating securities.
(c)
See Note 1 Accounting Policies in the Notes to Consolidated Financial Statements of this Report for additional information on our policy for not including potential dilutive shares in the diluted EPS calculations when a loss from continuing operations exists.