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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 554         554    
Other comprehensive income (loss), net of tax 104             104
Bank common stock repurchased (in shares)       (953)        
Bank common stock repurchased (50)       (50)      
Net activity under employee plans and related tax benefits (in shares)       435        
Net activity under employee plans and related tax benefits 22       22      
Dividends on preferred stock (22)         (22)    
Dividends on common stock (184)         (184)    
Change in deferred compensation (4)         (4)    
Balance at end of period at Sep. 30, 2023 5,315   440   1,726 6,157   (3,008)
Balance at end of period (in shares) at Sep. 30, 2023       148,146        
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)
Balance at beginning of period at Jun. 30, 2023 5,283   440   1,722 6,051   (2,930)
Balance at beginning of period (in shares) at Jun. 30, 2023       148,144        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income for the period 175         175    
Other comprehensive income (loss), net of tax (78)             (78)
Net activity under employee plans and related tax benefits (in shares)       2        
Net activity under employee plans and related tax benefits 4       4      
Dividends on preferred stock (7)         (7)    
Dividends on common stock (61)         (61)    
Change in deferred compensation (1)         (1)    
Balance at end of period at Sep. 30, 2023 5,315   440   1,726 6,157   (3,008)
Balance at end of period (in shares) at Sep. 30, 2023       148,146        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cumulative effect adjustment, due to adoption of ASU 2022-02, net of tax 5,315   440   1,726 6,157   (3,008)
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 $ 568         568    
Other comprehensive income (loss), net of tax 356             356
Bank common stock repurchased (in shares)       (893)        
Bank common stock repurchased (35)       (35)      
Net activity under employee plans and related tax benefits (in shares)       439        
Net activity under employee plans and related tax benefits 21       21      
Dividends on preferred stock (31)         (31)    
Dividends on common stock (184)         (184)    
Change in deferred compensation (1)         (1)    
Balance at end of period at Sep. 30, 2024 $ 6,385   440   1,717 6,564   (2,336)
Balance at end of period (in shares) at Sep. 30, 2024 147,699     147,699        
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)
Balance at beginning of period at Jun. 30, 2024 6,025   440   1,713 6,421   (2,549)
Balance at beginning of period (in shares) at Jun. 30, 2024       147,684        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income for the period 214         214    
Other comprehensive income (loss), net of tax 213             213
Bank common stock repurchased (in shares)       (3)        
Bank common stock repurchased 0              
Net activity under employee plans and related tax benefits (in shares)       18        
Net activity under employee plans and related tax benefits 4       4      
Dividends on preferred stock (10)         (10)    
Dividends on common stock (61)         (61)    
Balance at end of period at Sep. 30, 2024 $ 6,385   440   1,717 6,564   (2,336)
Balance at end of period (in shares) at Sep. 30, 2024 147,699     147,699        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cumulative effect adjustment, due to adoption of ASU 2022-02, net of tax $ 6,385   $ 440   $ 1,717 $ 6,564   $ (2,336)