v3.25.2
NET EARNINGS PER COMMON SHARE - Basic and Diluted Net Earnings Per Common Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Basic:        
Net income $ 244 $ 201 $ 414 $ 354
Less common and preferred dividends 65 72 130 143
Undistributed earnings 179 129 284 211
Less undistributed earnings applicable to nonvested shares 2 1 4 2
Undistributed earnings applicable to common shares 177 128 280 209
Distributed earnings applicable to common shares 63 61 127 121
Total earnings applicable to common shares $ 240 $ 189 $ 407 $ 330
Weighted average common shares outstanding (in shares) 147,044 147,115 147,182 147,227
Net earnings per common share (in dollars per 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 shares) 147,044 147,115 147,182 147,227
Dilutive effect of stock options (in shares) 9 5 28 4
Weighted average diluted common shares outstanding (in shares) 147,053 147,120 147,210 147,231
Net earnings per common share (in dollars per share) $ 1.63 $ 1.28 $ 2.77 $ 2.24