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Consolidated Statements of Changes in Shareholders' Equity - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Preferred stock
Common stock shares (in thousands)
Accumulated paid-in capital
Retained earnings
Retained earnings
Cumulative Effect, Period of Adoption, Adjustment
Accumulated other comprehensive income (loss)
Beginning balance at Dec. 31, 2020 $ 7,886   $ 566   $ 2,686 $ 4,309   $ 325
Beginning balance (in shares) at Dec. 31, 2020       164,090,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 1,129         1,129    
Other comprehensive income (loss), net of tax (405)             (405)
Bank common stock repurchased (in shares)       (13,521,000)        
Bank common stock repurchased (800)       (800)      
Preferred stock redemption (in shares)     (126,000,000)          
Preferred stock redemption (126)       3 (3)    
Net activity under employee plans and related tax benefits (in shares)       1,056,000        
Net activity under employee plans and related tax benefits 39       39      
Dividends on preferred stock (29)         (29)    
Dividends on common stock (232)         (232)    
Change in deferred compensation 1         1    
Ending balance at Dec. 31, 2021 7,463   $ 440   1,928 5,175   (80)
Ending balance (in shares) at Dec. 31, 2021       151,625,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income $ 907         907    
Cumulative effect adjustment, adoption of ASU 2022-02, Financial Instruments - Credit Losses: Troubled Debt Restructurings Accounting Standards Update 2022-02 [Member]              
Other comprehensive income (loss), net of tax $ (3,032)             (3,032)
Bank common stock repurchased (in shares) (3,600,000)     (3,581,000)        
Bank common stock repurchased $ (202)       (202)      
Net activity under employee plans and related tax benefits (in shares)       620,000        
Net activity under employee plans and related tax benefits 28       28      
Dividends on preferred stock (29)         (29)    
Dividends on common stock (240)         (240)    
Change in deferred compensation (2)         (2)    
Ending balance at Dec. 31, 2022 $ 4,893 $ 2 440   1,754 5,811 $ 2 (3,112)
Ending balance (in shares) at Dec. 31, 2022 148,664,000     148,664,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income $ 680         680    
Other comprehensive income (loss), net of tax 420             420
Bank common stock repurchased (in shares)       (972,000)        
Bank common stock repurchased (51)       (51)      
Net activity under employee plans and related tax benefits (in shares)       461,000        
Net activity under employee plans and related tax benefits 28       28      
Dividends on preferred stock (32)         (32)    
Dividends on common stock (245)         (245)    
Change in deferred compensation (4)         (4)    
Ending balance at Dec. 31, 2023 $ 5,691   $ 440   $ 1,731 $ 6,212   $ (2,692)
Ending balance (in shares) at Dec. 31, 2023 148,153,000     148,153,000