EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

The following table presents the calculation of basic and diluted earnings per common share from continuing operations:

(Dollars in millions, except per share amounts; share amounts in thousands)	2024		2023		2022
Earnings per common share — Basic
Earnings from continuing operations	$	489	$	406	$	863
Less: Distributed and undistributed earnings allocated to unvested stock	(3)		(2)		(5)
Earnings from continuing operations available to common shareholders	$	486	$	404	$	858
Weighted average common shares outstanding	43,079		45,383		49,549
Earnings from continuing operations per common share — Basic	$	11.29	$	8.89	$	17.32
Earnings per common share — Diluted
Earnings from continuing operations	$	489	$	406	$	863
Less: Distributed and undistributed earnings allocated to unvested stock	—		—		—
Earnings from continuing operations available to common shareholders — Diluted	$	489	$	406	$	863
Weighted average common shares outstanding — Basic	43,079		45,383		49,549
Effect of dilutive equity awards	1,155		1,104		1,337
Weighted average common shares outstanding — Diluted	44,234		46,486		50,887
Earnings from continuing operations per common share — Diluted	$	11.06	$	8.73	$	16.96
Anti-dilutive equity awards not included in diluted EPS	66		825		662

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Amounts in the table may not recalculate due to rounding of earnings and shares.