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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
Adoption of new accounting standard
Preferred Stock
Common Stock
Additional Paid-In Capital
Retained Earnings
Retained Earnings
Adoption of new accounting standard
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Balance at beginning of period at Dec. 31, 2023 $ 6,050 $ (1) $ 107 $ 4 $ 4,692 $ 1,669 $ (1) $ (235) $ (187)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Comprehensive income (loss) 107         122   (15)  
Dividends declared:                  
Preferred stock (2)         (2)      
Common stock (44)         (44)      
Redemption of preferred stock (111)   (107)     (4)      
Issuance of common stock (3)       (8)       5
Restricted stock compensation 10       10        
Balance at end of period at Mar. 31, 2024 6,006   0 4 4,694 1,740   (250) (182)
Balance at beginning of period at Dec. 31, 2024 6,302   0 4 4,695 1,952   (169) (180)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Comprehensive income (loss) 165         117   48  
Dividends declared:                  
Common stock (44)         (44)      
Issuance of common stock (5)       (9)       4
Repurchase of common stock (10)               (10)
Restricted stock compensation 10       10        
Balance at end of period at Mar. 31, 2025 $ 6,418   $ 0 $ 4 $ 4,696 $ 2,025   $ (121) $ (186)