Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six months ended June 30,
dollars in millions, except per share amounts	2020		2019		2020		2019
EARNINGS
Income (loss) from continuing operations	$	185	$	423	$	330	$	829
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		—
Income (loss) from continuing operations attributable to Key	185		423		330		829
Less: Dividends on Preferred Stock	26		20		53		40
Income (loss) from continuing operations attributable to Key common shareholders	159		403		277		789
Income (loss) from discontinued operations, net of taxes	2		2		3		3
Net income (loss) attributable to Key common shareholders	$	161	$	405	$	280	$	792
WEIGHTED-AVERAGE COMMON SHARES
Weighted-average Common Shares outstanding (000)	967,147		999,163		967,380		1,003,047
Effect of Common Share options and other stock awards	4,994		8,801		6,892		9,318
Weighted-average Common Shares and potential Common Shares outstanding (000) (a)	972,141		1,007,964		974,272		1,012,365
EARNINGS PER COMMON SHARE
Income (loss) from continuing operations attributable to Key common shareholders	$	.16	$	.40	$	.29	$	.79
Income (loss) from discontinued operations, net of taxes	—		—		—		—
Net income (loss) attributable to Key common shareholders (b)	.17		.40		.29		.79
Income (loss) from continuing operations attributable to Key common shareholders — assuming dilution	$	.16	$	.40	$	.28	$	.78
Income (loss) from discontinued operations, net of taxes — assuming dilution	—		—		—		—
Net income (loss) attributable to Key common shareholders — assuming dilution (b)	.17		.40		.29		.78

(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.