v3.26.1
NET EARNINGS PER COMMON SHARE
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
NET EARNINGS PER COMMON SHARE NET EARNINGS PER COMMON SHARE
The following schedule presents the basic and diluted net earnings per common share, calculated using the weighted-average number of shares outstanding:
Three Months Ended
March 31,
(In millions, except shares and per share amounts)20262025
Basic:
Net income$233 $170 
Less common and preferred dividends68 66 
Undistributed earnings165 104 
Less undistributed earnings applicable to nonvested shares2 1 
Undistributed earnings applicable to common shares163 103 
Distributed earnings applicable to common shares66 64 
Total earnings applicable to common shares$229 $167 
Weighted average common shares outstanding (in thousands)146,946 147,321 
Net earnings per common share$1.56 $1.13 
Diluted:
Total earnings applicable to common shares$229 $167 
Weighted average common shares outstanding (in thousands)146,946 147,321 
Dilutive effect of stock options (in thousands)92 66 
Weighted average diluted common shares outstanding (in thousands)147,038 147,387 
Net earnings per common share$1.56 $1.13 
The following schedule presents the weighted-average stock awards that were antidilutive and therefore excluded from the calculation of diluted earnings per share:
Three Months Ended
March 31,
(In thousands)20262025
Restricted stock and restricted stock units1,965 1,750 
Stock options187 311