Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Common Share

Our basic and diluted earnings per Common Share are calculated as follows:

	Three months ended March 31,
dollars in millions, except per share amounts	2020		2019
EARNINGS
Income (loss) from continuing operations	$	145	$	406
Less: Net income (loss) attributable to noncontrolling interests	—		—
Income (loss) from continuing operations attributable to Key	145		406
Less: Dividends on Preferred Stock	27		20
Income (loss) from continuing operations attributable to Key common shareholders	118		386
Income (loss) from discontinued operations, net of taxes	1		1
Net income (loss) attributable to Key common shareholders	$	119	$	387
WEIGHTED-AVERAGE COMMON SHARES
Weighted-average Common Shares outstanding (000)	967,446		1,006,717
Effect of Common Share options and other stock awards	8,664		9,787
Weighted-average Common Shares and potential Common Shares outstanding (000) (a)	976,110		1,016,504
EARNINGS PER COMMON SHARE
Income (loss) from continuing operations attributable to Key common shareholders	$	.12	$	.38
Income (loss) from discontinued operations, net of taxes	—		—
Net income (loss) attributable to Key common shareholders (b)	.12		.38
Income (loss) from continuing operations attributable to Key common shareholders — assuming dilution	$	.12	$	.38
Income (loss) from discontinued operations, net of taxes — assuming dilution	—		—
Net income (loss) attributable to Key common shareholders — assuming dilution (b)	.12		.38

(a) Assumes conversion of Common Share options and other stock awards and/or convertible preferred stock, as applicable.

(b)

EPS may not foot due to rounding.