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Summary Of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Computation of Basic and Diluted Earnings (Loss) Per Common Share

The following table presents the Company’s computation of basic and diluted earnings per common share for the years ended December 31, 2021, 2020, and 2019:

 

 

 

Years Ended December 31,

 

(in millions, except share and per share amounts)

 

2021

 

 

2020

 

 

2019

 

Net income available to common stockholders

 

$

563

 

 

$

478

 

 

$

362

 

Less: Dividends paid on and earnings allocated
   to participating securities

 

 

(7

)

 

 

(6

)

 

 

(4

)

Earnings applicable to common stock

 

$

556

 

 

$

472

 

 

$

358

 

Weighted average common shares outstanding

 

 

463,865,661

 

 

 

462,605,341

 

 

 

465,380,010

 

Basic earnings per common share

 

$

1.20

 

 

$

1.02

 

 

$

0.77

 

Earnings applicable to common stock

 

$

556

 

 

$

472

 

 

$

358

 

Weighted average common shares outstanding

 

 

463,865,661

 

 

 

462,605,341

 

 

 

465,380,010

 

Potential dilutive common shares

 

 

767,058

 

 

 

676,061

 

 

 

283,322

 

Total shares for diluted earnings per common
   share computation

 

 

464,632,719

 

 

 

463,281,402

 

 

 

465,663,332

 

Diluted earnings per common share and
   common share equivalents

 

$

1.20

 

 

$

1.02

 

 

$

0.77