Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.19.2
EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Basic and diluted earnings loss per share The calculation of basic and diluted earnings per share for the three and six-month periods ended June 30, 2019 and 2018 was as follows:
 
Three Months Ended
June 30,
Six Months Ended
June 30,
(dollar amounts in millions, except per data, share count in thousands)
2019
 
2018
2019
 
2018
Basic earnings per common share:
 
 
 
 
 
 
Net income
$
364

 
$
355

$
722

 
$
681

Preferred stock dividends
(18
)
 
(21
)
(37
)
 
(33
)
Net income available to common shareholders
$
346

 
$
334

$
685

 
$
648

Average common shares issued and outstanding
1,044,802

 
1,103,337

1,045,899

 
1,093,587

Basic earnings per common share
$
0.33

 
$
0.30

$
0.66

 
$
0.59

Diluted earnings per common share:
 
 
 
 
 
 
Dilutive potential common shares:
 
 
 
 
 
 
Stock options and restricted stock units and awards
11,308

 
15,803

13,057

 
17,830

Shares held in deferred compensation plans
4,170

 
3,472

4,003

 
3,350

Dilutive impact of Preferred Stock
—

 
—

—

 
8,879

Dilutive potential common shares
15,478

 
19,275

17,060

 
30,059

Total diluted average common shares issued and outstanding
1,060,280

 
1,122,612

1,062,959

 
1,123,646

Diluted earnings per common share
$
0.33

 
$
0.30

$
0.64

 
$
0.58

Anti-dilutive awards (1)
7,656

 
2,488

6,237

 
1,517