v3.22.4
EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings per Common Share from Continuing Operations
The following table presents the calculation of basic and diluted earnings per common share from continuing operations:
 Years ended December 31,
 (Dollars in millions, except per share amounts; share amounts in thousands)202220212020
Earnings (loss) per share — Basic:
Earnings (loss) from continuing operations$863 $522 $(112)
Less: Distributed and undistributed earnings allocated to unvested stock(5)(2)(1)
Earnings (loss) from continuing operations available to common shareholders $858 $520 $(113)
Weighted average common shares outstanding 49,549 52,338 52,362 
Earnings (loss) from continuing operations per common share — Basic$17.32 $9.92 $(2.15)
Earnings (loss) per share — Diluted:
Earnings (loss) from continuing operations$863 $522 $(112)
Less: Distributed and undistributed earnings allocated to unvested stock— (2)(1)
Earnings (loss) from continuing operations available to common shareholders — Diluted$863 $520 $(113)
Weighted average common shares outstanding — Basic49,549 52,338 52,362 
Effect of dilutive equity awards1,337 1,170 — 
Weighted average common shares outstanding — Diluted50,887 53,508 52,362 
Earnings (loss) from continuing operations per common share — Diluted$16.96 $9.70 $(2.15)
Anti-dilutive equity awards not included in diluted EPS662 682 3,504 
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Amounts in the table may not recalculate exactly due to rounding of earnings and shares.