Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.8.0.1
EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Basic and diluted earnings loss per share
The calculation of basic and diluted earnings per share for the three-month periods ended March 31, 2018 and 2017 was as follows:
 
Three Months Ended
March 31,
(dollar amounts in millions, except per share amounts)
2018
 
2017
Basic earnings per common share:
 
 
 
Net income
$
326

 
$
208

Preferred stock dividends
(12
)
 
(19
)
Net income available to common shareholders
$
314

 
$
189

Average common shares issued and outstanding (000)
1,083,836

 
1,086,374

Basic earnings per common share
$
0.29

 
$
0.17

Diluted earnings per common share:
 
 
 
Net income available to common shareholders
$
314

 
$
189

Effect of assumed preferred stock conversion
—

 
—

Net income applicable to diluted earnings per share
$
314

 
$
189

Average common shares issued and outstanding (000)
1,083,836

 
1,086,374

Dilutive potential common shares:
 
 
 
Stock options and restricted stock units and awards
19,858

 
19,139

Shares held in deferred compensation plans
3,228

 
2,953

Dilutive impact of Preferred Stock
17,856

 
—

Other
—

 
151

Dilutive potential common shares
40,942

 
22,243

Total diluted average common shares issued and outstanding (000)
1,124,778

 
1,108,617

Diluted earnings per common share
$
0.28

 
$
0.17