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Consolidated Statements of Changes In Shareholders' Equity - USD ($)
shares in Thousands, $ in Millions
Total
Cumulative effect adjustment, due to adoption of ASU 2022-02, net of tax
Preferred stock
Common stock shares (in thousands)
Accumulated paid-in capital
Retained earnings
Retained earnings
Cumulative effect adjustment, due to adoption of ASU 2022-02, net of tax
Accumulated other comprehensive income (loss)
Balance at beginning of period at Dec. 31, 2022 $ 4,893   $ 440   $ 1,754 $ 5,811   $ (3,112)
Balance at beginning of period (in shares) at Dec. 31, 2022       148,664        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income for the period 204         204    
Other comprehensive income (loss), net of tax 192             192
Bank common stock repurchased (in shares)       (953)        
Bank common stock repurchased (50)       (50)      
Net activity under employee plans and related tax benefits (in shares)       389        
Net activity under employee plans and related tax benefits 11       11      
Dividends on preferred stock (6)         (6)    
Dividends on common stock (61)         (61)    
Change in deferred compensation (1)         (1)    
Balance at end of period at Mar. 31, 2023 5,184 $ 2 440   1,715 5,949 $ 2 (2,920)
Balance at end of period (in shares) at Mar. 31, 2023       148,100        
Balance at beginning of period at Dec. 31, 2023 $ 5,691   440   1,731 6,212   (2,692)
Balance at beginning of period (in shares) at Dec. 31, 2023 148,153     148,153        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income for the period $ 153         153    
Other comprehensive income (loss), net of tax $ 83             83
Bank common stock repurchased (in shares) (900)     (890)        
Bank common stock repurchased $ (35)       (35)      
Net activity under employee plans and related tax benefits (in shares)       390        
Net activity under employee plans and related tax benefits 9       9      
Dividends on preferred stock (10)         (10)    
Dividends on common stock (61)         (61)    
Change in deferred compensation (1)         (1)    
Balance at end of period at Mar. 31, 2024 $ 5,829   $ 440   $ 1,705 $ 6,293   $ (2,609)
Balance at end of period (in shares) at Mar. 31, 2024 147,653     147,653