Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31,
Dollars in millions, except per share amounts	2024		2023
EARNINGS
Income (loss) from continuing operations	$	219	$	311
Less: Net income (loss) attributable to noncontrolling interests	—		—
Income (loss) from continuing operations attributable to Key	219		311
Less: Dividends on Preferred Stock	36		36
Income (loss) from continuing operations attributable to Key common shareholders	183		275
Income (loss) from discontinued operations, net of taxes	—		1
Net income (loss) attributable to Key common shareholders	$	183	$	276
WEIGHTED-AVERAGE COMMON SHARES
Weighted-average Common Shares outstanding (000)	929,692		926,490
Effect of Common Share options and other stock awards	7,319		7,314
Weighted-average Common Shares and potential Common Shares outstanding (000) (a)	937,011		933,804
EARNINGS PER COMMON SHARE
Income (loss) from continuing operations attributable to Key common shareholders	$	.20	$	.30
Income (loss) from discontinued operations, net of taxes	—		—
Net income (loss) attributable to Key common shareholders (b)	.20		.30
Income (loss) from continuing operations attributable to Key common shareholders — assuming dilution	$	.20	$	.30
Income (loss) from discontinued operations, net of taxes — assuming dilution	—		—
Net income (loss) attributable to Key common shareholders — assuming dilution (b)	.20		.30

(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.