| Schedule of Basic and Diluted Earnings Per Share |
The details of the EPS calculations for the three and six months ended June 30, 2025 and 2024 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | (Dollars in millions except per share) | Basic earnings per share: | | | | | | | | | Net income | $ | 87 | | | $ | 64 | | | $ | 149 | | | $ | 130 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Weighted average common shares outstanding – Basic | 202,672,945 | | | 224,321,948 | | | 203,886,530 | | | 230,493,039 | | | EPS – Basic | $ | 0.43 | | | $ | 0.29 | | | $ | 0.73 | | | $ | 0.56 | | | | | | | | | | Diluted earnings per share: | | | | | | | | | | | | | | | | | Weighted average common shares outstanding – Basic | 202,672,945 | | | 224,321,948 | | | 203,886,530 | | | 230,493,039 | | Dilutive effect of unvested RSUs and other contingently issuable shares | 2,582,088 | | | 1,576,866 | | | 2,547,445 | | | 1,962,044 | | | | | | | | | | | Weighted average common shares outstanding – Diluted | 205,255,033 | | | 225,898,814 | | | 206,433,975 | | | 232,455,083 | | | EPS – Diluted | $ | 0.42 | | | $ | 0.28 | | | $ | 0.72 | | | $ | 0.56 | |
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