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Summary Of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
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:

 

 

 

Years Ended December 31,

 

(in millions, except share and per share amounts)

 

2022

 

 

2021

 

 

2020

 

Net income available to common stockholders

 

$

617

 

 

$

563

 

 

$

478

 

Less: Dividends paid on and earnings allocated
   to participating securities

 

 

(8

)

 

 

(7

)

 

 

(6

)

Earnings applicable to common stock

 

$

609

 

 

$

556

 

 

$

472

 

Weighted average common shares outstanding

 

 

483,603,395

 

 

 

463,865,661

 

 

 

462,605,341

 

Basic earnings per common share

 

$

1.26

 

 

$

1.20

 

 

$

1.02

 

Earnings applicable to common stock

 

$

609

 

 

$

556

 

 

$

472

 

Weighted average common shares outstanding

 

 

483,603,395

 

 

 

463,865,661

 

 

 

462,605,341

 

Potential dilutive common shares

 

 

1,530,950

 

 

 

767,058

 

 

 

676,061

 

Total shares for diluted earnings per common
   share computation

 

 

485,134,345

 

 

 

464,632,719

 

 

 

463,281,402

 

Diluted earnings per common share and
   common share equivalents

 

$

1.26

 

 

$

1.20

 

 

$

1.02