Earnings (Loss) per Common Share

12 Months Ended

Dec. 31, 2020

The following table sets forth the computation of basic earnings per common share and diluted earnings per common share for the years ended December 31:



	2020		2019		2018
	(In millions, except per share data)
Numerator:
Income from continuing operations	$	1,094	$	1,582	$	1,568
Preferred stock dividends	(103)		(79)		(64)
Income from continuing operations available to common shareholders	991		1,503		1,504
Income from discontinued operations, net of tax	—		—		191
Net income available to common shareholders	$	991	$	1,503	$	1,695
Denominator:
Weighted-average common shares outstanding—basic	959		995		1,092
Potential common shares	3		4		10
Weighted-average common shares outstanding—diluted	962		999		1,102
Earnings per common share from continuing operations available to common shareholders(1):
Basic	$	1.03	$	1.51	$	1.38
Diluted	1.03		1.50		1.36
Earnings per common share from discontinued operations(1):
Basic	$	0.00	$	0.00	$	0.18
Diluted	0.00		0.00		0.17
Earnings per common share(1):
Basic	$	1.03	$	1.51	$	1.55
Diluted	1.03		1.50		1.54

________

(1) Certain per share amounts may not appear to reconcile due to rounding.

The effect from the assumed exercise of 7 million, 7 million and 6 million in stock options, restricted stock units and awards and performance stock units for the years ended December 31, 2020, 2019 and 2018, respectively, was not included in the above computations of diluted earnings per common share because such amounts would have had an antidilutive effect on earnings per common share.