v3.26.3
NET EARNINGS PER COMMON SHARE
9 Months Ended
Sep. 30, 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
September 30,
Nine Months Ended
September 30,
(In millions, except shares and per share amounts)2026202520262025
Basic:
Net income$263 $222 $949 $636 
Less common and preferred dividends72 68 208 199 
Undistributed earnings191 154 741 437 
Less undistributed earnings applicable to nonvested shares3 2 10 5 
Undistributed earnings applicable to common shares188 152 731 432 
Distributed earnings applicable to common shares71 66 203 193 
Total earnings applicable to common shares$259 $218 $934 $625 
Weighted average common shares outstanding (in thousands)144,984 147,045 146,009 147,136 
Net earnings per common share$1.78 $1.48 $6.40 $4.25 
Diluted:
Total earnings applicable to common shares$259 $218 $934 $625 
Weighted average common shares outstanding (in thousands)144,984 147,045 146,009 147,136 
Dilutive effect of stock options (in thousands)104 80 95 39 
Weighted average diluted common shares outstanding (in thousands)145,088 147,125 146,104 147,175 
Net earnings per common share$1.78 $1.48 $6.39 $4.25 
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
September 30,
Nine Months Ended
September 30,
(In thousands)2026202520262025
Restricted stock and restricted stock units1,952 1,837 1,958 1,795 
Stock options182 207 184 473