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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) 436         355   81  
Dividends declared:                  
Preferred stock (2)         (2)      
Common stock (131)         (131)      
Redemption of preferred stock (111)   (107)     (4)      
Issuance of common stock (5)       (15)       10
Repurchase of common stock (3)               (3)
Restricted stock compensation 16       16        
Balance at end of period at Sep. 30, 2024 6,249   0 4 4,693 1,886   (154) (180)
Balance at beginning of period at Jun. 30, 2024 6,090     4 4,690 1,820   (243) (181)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Comprehensive income (loss) 199         110   89  
Dividends declared:                  
Common stock (44)         (44)      
Issuance of common stock 0       (1)       1
Restricted stock compensation 4       4        
Balance at end of period at Sep. 30, 2024 6,249   0 4 4,693 1,886   (154) (180)
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) 489         397   92  
Dividends declared:                  
Common stock (131)         (131)      
Issuance of common stock (7)       (17)       10
Repurchase of common stock (32)               (32)
Restricted stock compensation 15       15        
Balance at end of period at Sep. 30, 2025 6,636   0 4 4,693 2,218   (77) (202)
Balance at beginning of period at Jun. 30, 2025 6,524     4 4,691 2,112   (92) (191)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Comprehensive income (loss) 165         150   15  
Dividends declared:                  
Common stock (44)         (44)      
Issuance of common stock 1       0       1
Repurchase of common stock (12)               (12)
Restricted stock compensation 2       2        
Balance at end of period at Sep. 30, 2025 $ 6,636   $ 0 $ 4 $ 4,693 $ 2,218   $ (77) $ (202)