The following table presents the calculation of basic and diluted EPS (dollars and shares in millions, except per share amounts):


	For the Years Ended December 31,
	2023		2022		2021
	(As Restated)		(As Restated)		(As Restated)
Numerator
Net income	$	2,796	$	4,316	$	5,388
Preferred stock dividends	(62)		(62)		(69)

Net income available to common stockholders	2,734		4,254		5,319
Income allocated to participating securities	(19)		(26)		(30)
Net income allocated to common stockholders	$	2,715	$	4,228	$	5,289
Denominator
Weighted-average shares of common stock outstanding	254		277		300
Effect of dilutive common stock equivalents	—		1		—
Weighted-average shares of common stock outstanding and common stock equivalents	254		278		300

Basic earnings per common share	$	10.71	$	15.25	$	17.64
Diluted earnings per common share	$	10.70	$	15.23	$	17.63