Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.10.0.1
EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2018
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, 2018 and 2017 was as follows:
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
(dollar amounts in millions, except per share amounts)
2018
 
2017
 
2018
 
2017
Basic earnings per common share:
 
 
 
 
 
 
 
Net income
$
355

 
$
272

 
$
681

 
$
480

Preferred stock dividends
(21
)
 
(19
)
 
(33
)
 
(38
)
Net income available to common shareholders
$
334

 
$
253

 
$
648

 
$
442

Average common shares issued and outstanding (000)
1,103,337

 
1,088,934

 
1,093,587

 
1,087,654

Basic earnings per common share
$
0.30

 
$
0.23

 
$
0.59

 
$
0.41

Diluted earnings per common share:
 
 
 
 
 
 
 
Net income available to common shareholders
$
334

 
$
253

 
$
648

 
$
442

Effect of assumed preferred stock conversion

 

 

 

Net income applicable to diluted earnings per share
$
334

 
$
253

 
$
648

 
$
442

Average common shares issued and outstanding (000)
1,103,337

 
1,088,934

 
1,093,587

 
1,087,654

Dilutive potential common shares:
 
 
 
 
 
 
 
Stock options and restricted stock units and awards
15,803

 
16,329

 
17,830

 
17,734

Shares held in deferred compensation plans
3,472

 
3,108

 
3,350

 
3,030

Dilutive impact of Preferred Stock

 

 
8,879

 

Other

 
156

 

 
154

Dilutive potential common shares
19,275

 
19,593

 
30,059

 
20,918

Total diluted average common shares issued and outstanding (000)
1,122,612

 
1,108,527

 
1,123,646

 
1,108,572

Diluted earnings per common share
$
0.30

 
$
0.23

 
$
0.58

 
$
0.40