The following table presents a reconciliation of net income (loss) and weighted-average common shares used in calculating basic and diluted earnings per common share: | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | | (in millions, except per share data) | | Weighted-average common shares outstanding: | | | | | | | | | | Weighted-average common shares outstanding — basic | 271.4 | | | 296.2 | | | 277.0 | | | 302.4 | | | | | Effect of dilutive potential common shares: | | | | | | | | | | | Employee share awards (1) | 2.0 | | | — | | | 1.8 | | | — | | | | Weighted-average common shares outstanding — diluted | 273.4 | | | 296.2 | | | 278.8 | | | 302.4 | | | | | | | | | | | | | | | Net income (loss): | | | | | | | | | | | Net income (loss) | $ | 1,186 | | | $ | (1,215) | | | $ | 1,564 | | | $ | (1,348) | | | | | Less: Net income (loss) attributable to the noncontrolling interest | 65 | | | 94 | | | 275 | | | 247 | | | | | Net income (loss) attributable to Holdings | 1,121 | | | (1,309) | | | 1,289 | | | (1,595) | | | | | Less: Preferred stock dividends | 14 | | | 16 | | | 41 | | | 48 | | | | | Net income (loss) available to Holdings’ common shareholders | $ | 1,107 | | | $ | (1,325) | | | $ | 1,248 | | | $ | (1,643) | | | | | | | | | | | | | | | Earnings per common share: | | | | | | | | | | | Basic | $ | 4.08 | | | $ | (4.47) | | | $ | 4.50 | | | $ | (5.43) | | | | | Diluted | $ | 4.05 | | | $ | (4.47) | | | $ | 4.47 | | | $ | (5.43) | | | |
______________ (1)Calculated using the treasury stock method.
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