Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2022

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	2022		2021
EARNINGS
Income (loss) from continuing operations	$	447	$	618
Less: Net income (loss) attributable to noncontrolling interests	—		—
Income (loss) from continuing operations attributable to Key	447		618
Less: Dividends on Preferred Stock	27		27
Income (loss) from continuing operations attributable to Key common shareholders	420		591
Income (loss) from discontinued operations, net of taxes	1		4
Net income (loss) attributable to Key common shareholders	$	421	$	595
WEIGHTED-AVERAGE COMMON SHARES
Weighted-average Common Shares outstanding (000)	922,941		964,878
Effect of Common Share options and other stock awards	10,692		9,419
Weighted-average Common Shares and potential Common Shares outstanding (000) (a)	933,634		974,297
EARNINGS PER COMMON SHARE
Income (loss) from continuing operations attributable to Key common shareholders	$	.45	$	.61
Income (loss) from discontinued operations, net of taxes	—		—
Net income (loss) attributable to Key common shareholders (b)	.46		.62
Income (loss) from continuing operations attributable to Key common shareholders — assuming dilution	$	.45	$	.61
Income (loss) from discontinued operations, net of taxes — assuming dilution	—		—
Net income (loss) attributable to Key common shareholders — assuming dilution (b)	.45		.61

(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.