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Computation of Earnings per Common Share (Tables)
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Computation of Basic and Diluted EPS The following table presents the Company’s computation of basic and diluted EPS for the periods indicated:

 

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

(amounts in millions, except share and per share amounts)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Net income available to common shareholders

 

$

144

 

 

$

97

 

 

$

281

 

 

$

189

 

Less: Dividends paid on and earnings allocated to
   participating securities

 

 

(3

)

 

 

(1

)

 

 

(4

)

 

 

(3

)

Earnings applicable to common stock

 

$

141

 

 

$

96

 

 

$

277

 

 

$

186

 

Weighted average common shares outstanding

 

 

464,092,947

 

 

 

461,933,533

 

 

 

463,695,136

 

 

 

463,463,751

 

Basic earnings per common share

 

$

0.30

 

 

$

0.21

 

 

$

0.60

 

 

$

0.40

 

Earnings applicable to common stock

 

$

141

 

 

$

96

 

 

$

277

 

 

$

186

 

Weighted average common shares outstanding

 

 

464,092,947

 

 

 

461,933,533

 

 

 

463,695,136

 

 

 

463,463,751

 

Potential dilutive common shares

 

 

801,591

 

 

 

555,960

 

 

 

698,385

 

 

 

487,317

 

Total shares for diluted earnings per common share
   computation

 

 

464,894,538

 

 

 

462,489,493

 

 

 

464,393,521

 

 

 

463,951,068

 

Diluted earnings per common share and common share
   equivalents

 

$

0.30

 

 

$

0.21

 

 

$

0.60

 

 

$

0.40