Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Schedule of 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	2023		2022		2023		2022
EARNINGS
Income (loss) from continuing operations	$	286	$	530	$	597	$	977
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		—
Income (loss) from continuing operations attributable to Key	286		530		597		977
Less: Dividends on Preferred Stock	36		26		72		53
Income (loss) from continuing operations attributable to Key common shareholders	250		504		525		924
Income (loss) from discontinued operations, net of taxes	1		3		2		4
Net income (loss) attributable to Key common shareholders	$	251	$	507	$	527	$	928
WEIGHTED-AVERAGE COMMON SHARES
Weighted-average Common Shares outstanding (000)	926,741		924,302		926,807		923,717
Effect of Common Share options and other stock awards	3,713		7,506		5,513		9,087
Weighted-average Common Shares and potential Common Shares outstanding (000) (a)	930,454		931,808		932,320		932,805
EARNINGS PER COMMON SHARE
Income (loss) from continuing operations attributable to Key common shareholders	$	.27	$	.54	$	.57	$	1.00
Income (loss) from discontinued operations, net of taxes	—		—		—		—
Net income (loss) attributable to Key common shareholders (b)	.27		.55		.57		1.00
Income (loss) from continuing operations attributable to Key common shareholders — assuming dilution	$	.27	$	.54	$	.56	$	.99
Income (loss) from discontinued operations, net of taxes — assuming dilution	—		—		—		—
Net income (loss) attributable to Key common shareholders — assuming dilution (b)	.27		.54		.57		1.00

(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.