v3.26.1
Earnings Per Share
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The computations of basic and diluted earnings per common share were as follows.
EARNINGS PER SHARE COMPUTATIONS
Three Months Ended
June 30,
Six Months Ended
June 30,
(Dollars in millions, except per share data; shares in thousands)2026202520262025
Net income $274 $245 $541 $467 
Net income attributable to noncontrolling interest4 7 
Net income attributable to controlling interest270 241 534 459 
Preferred stock dividends10816 13 
Net income available to common shareholders$260 $233 $518 $446 
Weighted average common shares outstanding—basic474,841 508,125 477,559 512,596 
Effect of dilutive restricted stock, performance equity awards and options5,262 5,481 5,775 6,105 
Weighted average common shares outstanding—diluted480,103 513,606 483,334 518,701 
Basic earnings per common share$0.55 $0.46 $1.08 $0.87 
Diluted earnings per common share$0.54 $0.45 $1.07 $0.86 

The following table presents average outstanding options and other equity awards that were excluded from the calculation of diluted earnings per share because they
were either anti-dilutive (the exercise price was higher than the weighted-average market price for the period) or the performance conditions have not been met.
ANTI-DILUTIVE EQUITY AWARDS
Three Months Ended
June 30,
Six Months Ended
June 30,
(Shares in thousands)2026202520262025
Stock options excluded from the calculation of diluted EPS —  — 
Weighted average exercise price of stock options excluded from the calculation of diluted EPS$ $— $ $— 
Other equity awards excluded from the calculation of diluted EPS1,981 3,522 1,415 2,752