v3.25.2
NET EARNINGS PER COMMON SHARE
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
NET EARNINGS PER COMMON SHARE NET EARNINGS PER COMMON SHARE
The following schedule presents basic and diluted net earnings per common share based on the weighted average outstanding shares:
Three Months Ended
June 30,		Six Months Ended
June 30,
(In millions, except shares and per share amounts)2025202420252024
Basic:
Net income$244 $201 $414 $354 
Less common and preferred dividends65 72 130 143 
Undistributed earnings179 129 284 211 
Less undistributed earnings applicable to nonvested shares2 1 4 2 
Undistributed earnings applicable to common shares177 128 280 209 
Distributed earnings applicable to common shares63 61 127 121 
Total earnings applicable to common shares$240 $189 $407 $330 
Weighted average common shares outstanding (in thousands)147,044 147,115 147,182 147,227 
Net earnings per common share$1.63 $1.28 $2.77 $2.24 
Diluted:
Total earnings applicable to common shares$240 $189 $407 $330 
Weighted average common shares outstanding (in thousands)147,044 147,115 147,182 147,227 
Dilutive effect of stock options (in thousands)9 5 28 4 
Weighted average diluted common shares outstanding (in thousands)147,053 147,120 147,210 147,231 
Net earnings per common share$1.63 $1.28 $2.77 $2.24 
The following schedule presents the weighted average stock awards that were anti-dilutive and not included in the calculation of diluted earnings per share:
Three Months Ended
June 30,		Six Months Ended
June 30,
(In thousands)2025202420252024
Restricted stock and restricted stock units1,796 1,715 1,774 1,629 
Stock options823 1,334 591 1,356