Earnings (Loss) per Common Share

3 Months Ended

Mar. 31, 2024

NOTE 7. EARNINGS PER COMMON SHARE

The following table sets forth the computation of basic earnings per common share and diluted earnings per common share:


	Three Months Ended March 31
	2024		2023
	(In millions, except per share data)
Numerator:
Net income	$	368	$	612
Preferred stock dividends	(25)		(24)


Net income available to common shareholders	$	343	$	588
Denominator:
Weighted-average common shares outstanding—basic	$	921	$	935
Potential common shares	2		7
Weighted-average common shares outstanding—diluted	$	923	$	942






Earnings per common share:
Basic	$	0.37	$	0.63
Diluted	0.37		0.62

The effects from the assumed exercise of 5 million and 3 million in restricted stock units and awards and performance stock units for the three months ended March 31, 2024 and March 31, 2023, respectively, were 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.