Earnings Per Common Share (Tables)

9 Months Ended

Sep. 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 September 30,				Nine months ended September 30,
dollars in millions, except per share amounts	2020		2019		2020		2019
EARNINGS
Income (loss) from continuing operations	$	424	$	413	$	754	$	1,242
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		—
Income (loss) from continuing operations attributable to Key	424		413		754		1,242
Less: Dividends on Preferred Stock	27		30		80		70
Income (loss) from continuing operations attributable to Key common shareholders	397		383		674		1,172
Income (loss) from discontinued operations, net of taxes	4		3		7		6
Net income (loss) attributable to Key common shareholders	$	401	$	386	$	681	$	1,178
WEIGHTED-AVERAGE COMMON SHARES
Weighted-average Common Shares outstanding (000)	967,804		988,319		967,632		998,268
Effect of Common Share options and other stock awards	6,184		10,009		6,648		9,632
Weighted-average Common Shares and potential Common Shares outstanding (000) (a)	973,988		998,328		974,280		1,007,900
EARNINGS PER COMMON SHARE
Income (loss) from continuing operations attributable to Key common shareholders	$	.41	$	.39	$	.70	$	1.17
Income (loss) from discontinued operations, net of taxes	—		—		.01		.01
Net income (loss) attributable to Key common shareholders (b)	.41		.39		.70		1.18
Income (loss) from continuing operations attributable to Key common shareholders — assuming dilution	$	.41	$	.38	$	.69	$	1.16
Income (loss) from discontinued operations, net of taxes — assuming dilution	—		—		.01		.01
Net income (loss) attributable to Key common shareholders — assuming dilution (b)	.41		.39		.70		1.17

(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.