The following table presents the calculation of basic and diluted earnings per common share from continuing operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30, | | Nine months ended September 30, | (Dollars in millions and shares in thousands) | | 2026 | | 2025 | | 2026 | | 2025 | Earnings per common share — Basic: | | | | | | | | | | Earnings from continuing operations | | $ | 162 | | | $ | 139 | | | $ | 389 | | | $ | 368 | | | Less: Distributed and undistributed earnings allocated to unvested stock | | (1) | | | (1) | | | (2) | | | (2) | | Earnings from continuing operations available to common shareholders | | $ | 161 | | | $ | 138 | | | $ | 387 | | | 366 | | | | | | | | | | | | Weighted average common shares outstanding | | 38,257 | | | 40,628 | | | 38,640 | | | 41,137 | | | | | | | | | | | Earnings from continuing operations per common share — Basic | | $ | 4.22 | | | $ | 3.39 | | | $ | 10.00 | | | $ | 8.90 | | | | | | | | | | | Earnings per common share — Diluted: | | | | | | | | | Earnings from continuing operations | | $ | 162 | | | $ | 139 | | | $ | 389 | | | $ | 368 | | | Less: Distributed and undistributed earnings allocated to unvested stock | | (1) | | | — | | | (2) | | | — | | Earnings from continuing operations available to common shareholders — Diluted | | $ | 161 | | | $ | 139 | | | $ | 387 | | | $ | 368 | | | | | | | | | | | | Weighted average common shares outstanding — Basic | | 38,257 | | | 40,628 | | | 38,640 | | | 41,137 | | | Effect of dilutive equity awards | | 534 | | | 1,005 | | | 463 | | | 998 | | | Weighted average common shares outstanding — Diluted | | 38,791 | | | 41,633 | | | 39,103 | | | 42,135 | | | | | | | | | | | Earnings from continuing operations per common share — Diluted | | $ | 4.16 | | | $ | 3.33 | | | $ | 9.88 | | | $ | 8.75 | | | | | | | | | | | Anti-dilutive equity awards not included in Diluted EPS | | — | | | 43 | | | 32 | | | 66 | |
———————————— Note: Amounts may not be additive due to rounding.
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