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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Adjustment for change in accounting standard
Preferred stock
Common stock shares (in thousands)
Accumulated paid-in capital
Retained earnings
Retained earnings
Adjustment for change in accounting standard
Accumulated other comprehensive income (loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cumulative effect adjustment, due to adoption of ASU 2022-02, net of tax $ 4,893 $ 2 $ 440   $ 1,754 $ 5,811 $ 2 $ (3,112)
Balance at beginning of period at Dec. 31, 2022 4,893 $ 2 440   1,754 5,811 $ 2 (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 379         379    
Other comprehensive income (loss), net of tax 182             182
Bank common stock repurchased (in shares)       (953)        
Bank common stock repurchased (50)       (50)      
Net activity under employee plans and related tax benefits (in shares)       433        
Net activity under employee plans and related tax benefits 18       18      
Dividends on preferred stock (15)         (15)    
Dividends on common stock (122)         (122)    
Change in deferred compensation (4)         (4)    
Balance at end of period at Jun. 30, 2023 5,283   440   1,722 6,051   (2,930)
Balance at end of period (in shares) at Jun. 30, 2023       148,144        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cumulative effect adjustment, due to adoption of ASU 2022-02, net of tax 5,184   440   1,715 5,949   (2,920)
Balance at beginning of period at Mar. 31, 2023 5,184   440   1,715 5,949   (2,920)
Balance at beginning of period (in shares) at Mar. 31, 2023       148,100        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income for the period 175         175    
Other comprehensive income (loss), net of tax (10)             (10)
Net activity under employee plans and related tax benefits (in shares)       44        
Net activity under employee plans and related tax benefits 7       7      
Dividends on preferred stock (9)         (9)    
Dividends on common stock (61)         (61)    
Change in deferred compensation (3)         (3)    
Balance at end of period at Jun. 30, 2023 5,283   440   1,722 6,051   (2,930)
Balance at end of period (in shares) at Jun. 30, 2023       148,144        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cumulative effect adjustment, due to adoption of ASU 2022-02, net of tax 5,283   440   1,722 6,051   (2,930)
Cumulative effect adjustment, due to adoption of ASU 2022-02, net of tax 5,691   440   1,731 6,212   (2,692)
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 $ 354         354    
Other comprehensive income (loss), net of tax 143             143
Bank common stock repurchased (in shares)       (890)        
Bank common stock repurchased (35)       (35)      
Net activity under employee plans and related tax benefits (in shares)       421        
Net activity under employee plans and related tax benefits 17       17      
Dividends on preferred stock (21)         (21)    
Dividends on common stock (122)         (122)    
Change in deferred compensation (2)         (2)    
Balance at end of period at Jun. 30, 2024 $ 6,025   440   1,713 6,421   (2,549)
Balance at end of period (in shares) at Jun. 30, 2024 147,684     147,684        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cumulative effect adjustment, due to adoption of ASU 2022-02, net of tax $ 5,829   440   1,705 6,293   (2,609)
Balance at beginning of period at Mar. 31, 2024 5,829   440   1,705 6,293   (2,609)
Balance at beginning of period (in shares) at Mar. 31, 2024       147,653        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income for the period 201         201    
Other comprehensive income (loss), net of tax 60             60
Net activity under employee plans and related tax benefits (in shares)       31        
Net activity under employee plans and related tax benefits 8       8      
Dividends on preferred stock (11)         (11)    
Dividends on common stock (61)         (61)    
Change in deferred compensation (1)         (1)    
Balance at end of period at Jun. 30, 2024 $ 6,025   440   1,713 6,421   (2,549)
Balance at end of period (in shares) at Jun. 30, 2024 147,684     147,684        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cumulative effect adjustment, due to adoption of ASU 2022-02, net of tax $ 6,025   $ 440   $ 1,713 $ 6,421   $ (2,549)