EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2025

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


	Three months ended March 31,
(Dollars in millions, except per share amounts; share amounts in thousands)	2025		2024
Earnings per share — Basic:
Earnings from continuing operations	$	98	$	85
Less: Distributed and undistributed earnings allocated to unvested stock	(1)		—
Earnings from continuing operations available to common shareholders	$	97	$	85

Weighted average common shares outstanding	41,839		43,858

Earnings from continuing operations per common share — Basic	$	2.33	$	1.93

Earnings per share — Diluted:
Earnings from continuing operations	$	98	$	85
Less: Distributed and undistributed earnings allocated to unvested stock	—		—
Earnings from continuing operations available to common shareholders — Diluted	$	98	$	85

Weighted average common shares outstanding — Basic	41,839		43,858
Effect of dilutive equity awards	1,090		1,142
Weighted average common shares outstanding — Diluted	42,929		45,000

Earnings from continuing operations per common share — Diluted	$	2.29	$	1.89

Anti-dilutive equity awards not included in diluted EPS	57		81

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Note: Amounts in the table may not recalculate due to rounding of earnings and share.