Earnings per Common Share (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Earnings Per Share, Basic and Diluted

The following table presents the calculation of basic and diluted earnings per common share.


	Three months ended March 31,
($ in millions, except per share data; shares in thousands) (a)		2026		2025
Net income (loss) from continuing operations		$	319	$	(225)
Preferred stock dividends — Series B		(16)		(16)
Preferred stock dividends — Series C		(12)		(12)
Net income (loss) from continuing operations attributable to common shareholders		$	291	$	(253)

Net income (loss) attributable to common shareholders		$	291	$	(253)
Basic weighted-average common shares outstanding (b)		310,992		309,006
Diluted weighted-average common shares outstanding (b) (c)		313,219		309,006
Basic earnings per common share
Net income (loss) from continuing operations		$	0.94	$	(0.82)

Net income (loss)		$	0.94	$	(0.82)
Diluted earnings per common share
Net income (loss) from continuing operations		$	0.93	$	(0.82)

Net income (loss)		$	0.93	$	(0.82)

(a)Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers.

(b)Includes shares related to share-based compensation that vested but were not yet issued.

(c)Due to the antidilutive effect of the net loss from continuing operations for the three months ended March 31, 2025, basic weighted-average common shares outstanding was used to calculate basic and diluted earnings per share. During the three months ended March 31, 2025, there were 2.7 million in share-based awards excluded because their inclusion would have been antidilutive.