| Earnings per Common Share The following table presents the calculation of basic and diluted earnings per common share. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | | ($ in millions, except per share data; shares in thousands) (a) | | 2026 | | 2025 | | 2026 | | 2025 | | | | Net income from continuing operations | | $ | 410 | | | $ | 352 | | | $ | 729 | | | $ | 127 | | | | | Preferred stock dividends — Series B (b) | | (31) | | | (16) | | | (47) | | | (32) | | | | | Preferred stock dividends — Series C | | (12) | | | (12) | | | (24) | | | (24) | | | | | Net income from continuing operations attributable to common shareholders | | $ | 367 | | | $ | 324 | | | $ | 658 | | | $ | 71 | | | | | | | | | | | | | | | | Net income attributable to common shareholders | | $ | 367 | | | $ | 324 | | | $ | 658 | | | $ | 71 | | | | | Basic weighted-average common shares outstanding (c) | | 308,362 | | | 309,895 | | | 309,669 | | | 309,453 | | | | | Diluted weighted-average common shares outstanding (c) | | 311,035 | | | 312,434 | | | 312,120 | | | 312,033 | | | | | Basic earnings per common share | | | | | | | | | | | | Net income from continuing operations | | $ | 1.19 | | | $ | 1.05 | | | $ | 2.13 | | | $ | 0.23 | | | | | | | | | | | | | | | | Net income | | $ | 1.19 | | | $ | 1.05 | | | $ | 2.13 | | | $ | 0.23 | | | | | Diluted earnings per common share | | | | | | | | | | | | Net income from continuing operations | | $ | 1.18 | | | $ | 1.04 | | | $ | 2.11 | | | $ | 0.23 | | | | | | | | | | | | | | | | Net income | | $ | 1.18 | | | $ | 1.04 | | | $ | 2.11 | | | $ | 0.23 | | | |
(a)Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers. (b)Includes a $15 million deemed dividend associated with the acceleration of issuance costs from the redemption of the Series B Preferred Stock during the three months and six months ended June 30, 2026. (c)Includes shares related to share-based compensation that vested but were not yet issued.
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