Earnings Per Common Share (Tables)

9 Months Ended

Sep. 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 September 30,				Nine months ended September 30,
Dollars in millions, except per share amounts	2023		2022		2023		2022
EARNINGS
Income (loss) from continuing operations	$	302	$	540	$	899	$	1,517
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		—
Income (loss) from continuing operations attributable to Key	302		540		899		1,517
Less: Dividends on Preferred Stock	36		27		108		80
Income (loss) from continuing operations attributable to Key common shareholders	266		513		791		1,437
Income (loss) from discontinued operations, net of taxes	1		2		3		6
Net income (loss) attributable to Key common shareholders	$	267	$	515	$	794	$	1,443
WEIGHTED-AVERAGE COMMON SHARES
Weighted-average Common Shares outstanding (000)	927,131		924,594		927,019		924,085
Effect of Common Share options and other stock awards	4,613		7,861		5,213		8,679
Weighted-average Common Shares and potential Common Shares outstanding (000) (a)	931,744		932,455		932,232		932,764
EARNINGS PER COMMON SHARE
Income (loss) from continuing operations attributable to Key common shareholders	$	.29	$	.55	$	.85	$	1.55
Income (loss) from discontinued operations, net of taxes	—		—		—		.01
Net income (loss) attributable to Key common shareholders (b)	.29		.55		.86		1.56
Income (loss) from continuing operations attributable to Key common shareholders — assuming dilution	$	.29	$	.55	$	.85	$	1.54
Income (loss) from discontinued operations, net of taxes — assuming dilution	—		—		—		.01
Net income (loss) attributable to Key common shareholders — assuming dilution (b)	.29		.55		.85		1.55

(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.