Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six months ended June 30,
Dollars in millions, except per share amounts	2024		2023		2024		2023
EARNINGS
Income (loss) from continuing operations	$	273	$	286	$	492	$	597
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		—
Income (loss) from continuing operations attributable to Key	273		286		492		597
Less: Dividends on Preferred Stock	36		36		72		72
Income (loss) from continuing operations attributable to Key common shareholders	237		250		420		525
Income (loss) from discontinued operations, net of taxes	1		1		1		2
Net income (loss) attributable to Key common shareholders	$	238	$	251	$	421	$	527
WEIGHTED-AVERAGE COMMON SHARES
Weighted-average Common Shares outstanding (000)	931,726		926,741		930,776		926,807
Effect of Common Share options and other stock awards	6,761		3,713		7,040		5,513
Weighted-average Common Shares and potential Common Shares outstanding (000) (a)	938,487		930,454		937,816		932,320
EARNINGS PER COMMON SHARE
Income (loss) from continuing operations attributable to Key common shareholders	$	.25	$	.27	$	.45	$	.57
Income (loss) from discontinued operations, net of taxes	—		—		—		—
Net income (loss) attributable to Key common shareholders (b)	.25		.27		.45		.57
Income (loss) from continuing operations attributable to Key common shareholders — assuming dilution	$	.25	$	.27	$	.45	$	.56
Income (loss) from discontinued operations, net of taxes — assuming dilution	—		—		—		—
Net income (loss) attributable to Key common shareholders — assuming dilution (b)	.25		.27		.45		.57

(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.