v3.26.1
Earnings Per Share
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The following table sets forth the calculation of basic and diluted earnings per share:

 BasicDiluted
 First Quarter
 2026202520262025
($ in millions, except per share amounts,
shares in millions)
Net income$547 $750 $547 $750 
Dividend equivalent payments(1)(1)— (1)
Income available to common stockholders$546 $749 $547 $749 
Weighted-average shares outstanding224.5 226.1 224.5 226.1 
Dilutive effect of outstanding options and share-settled awards  0.5 0.4 
Adjusted weighted-average shares outstanding  225.0 226.5 
Earnings per share$2.43 $3.31 $2.43 $3.31 

During the first quarters of 2026 and 2025, dividend equivalent payments were made to certain holders of stock options and RSUs.  For purposes of computing basic earnings per share, dividend equivalent payments made to holders of stock options and RSUs were deducted from net income to determine income available to common stockholders. For purposes of computing diluted earnings per share, we evaluate on a grant-by-grant basis those stock options and RSUs receiving dividend equivalent payments under the two-class and treasury stock methods to determine which method is more dilutive for each grant. For those grants for which the two-class method was more dilutive, net income was reduced by dividend equivalent payments to determine income available to common stockholders. The dilution calculations exclude options having exercise prices exceeding the average market price of Common Stock as follows: none and 0.1 million in the first quarters ended March 31, 2026 and 2025, respectively.