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Condensed Consolidated Statement of Changes in Equity (unaudited) - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
[1]
Cumulative Effect, Period of Adoption, Adjusted Balance
Preferred stock dividends — Series B
Preferred stock dividends — Series C
Common stock and paid-in capital
Common stock and paid-in capital
Cumulative Effect, Period of Adoption, Adjusted Balance
Preferred stock
Preferred stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Retained earnings (accumulated deficit)
Retained earnings (accumulated deficit)
Cumulative Effect, Period of Adoption, Adjustment
[1]
Retained earnings (accumulated deficit)
Cumulative Effect, Period of Adoption, Adjusted Balance
Retained earnings (accumulated deficit)
Preferred stock dividends — Series B
Retained earnings (accumulated deficit)
Preferred stock dividends — Series C
Accumulated other comprehensive loss
Accumulated other comprehensive loss
Cumulative Effect, Period of Adoption, Adjusted Balance
Treasury stock
Treasury stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Beginning balance at Dec. 31, 2022 $ 12,859         $ 21,816   $ 2,324   $ (384)         $ (4,059)   $ (6,838)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Net income 648                 648                
Preferred stock dividends       $ (32) $ (24)               $ (32) $ (24)        
Share-based compensation 99         99                        
Other comprehensive income (loss) 196                           196      
Common stock repurchases (29)                               (29)  
Common stock dividends (185)                 (185)                
Ending balance at Jun. 30, 2023 13,532         21,915   2,324   23         (3,863)   (6,867)  
Beginning balance at Dec. 31, 2022 12,859         21,816   2,324   (384)         (4,059)   (6,838)  
Ending balance at Dec. 31, 2023 $ 13,766 $ (2) $ 13,764     21,975 $ 21,975 2,324 $ 2,324 154 $ (2) $ 152     (3,816) $ (3,816) (6,871) $ (6,871)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Accounting Standards Update [Extensible Enumeration] [1] Accounting Standards Update 2023-02                                  
Beginning balance at Mar. 31, 2023 $ 13,378         21,880   2,324   (185)         (3,776)   (6,865)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Net income 329                 329                
Preferred stock dividends       (16) (12)               (16) (12)        
Share-based compensation 35         35                        
Other comprehensive income (loss) (87)                           (87)      
Common stock repurchases (2)                               (2)  
Common stock dividends (93)                 (93)                
Ending balance at Jun. 30, 2023 13,532         21,915   2,324   23         (3,863)   (6,867)  
Beginning balance at Dec. 31, 2023 13,766 $ (2) $ 13,764     21,975 $ 21,975 2,324 $ 2,324 154 $ (2) $ 152     (3,816) $ (3,816) (6,871) $ (6,871)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Net income 451                 451                
Preferred stock dividends       (32) (24)               (32) (24)        
Share-based compensation 102         102                        
Other comprehensive income (loss) (193)                           (193)      
Common stock repurchases (30)                               (30)  
Common stock dividends (187)                 (187)                
Ending balance at Jun. 30, 2024 13,851         22,077   2,324   360         (4,009)   (6,901)  
Beginning balance at Mar. 31, 2024 13,657         22,034   2,324   188         (3,989)   (6,900)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Net income 294                 294                
Preferred stock dividends       $ (16) $ (12)               $ (16) $ (12)        
Share-based compensation 43         43                        
Other comprehensive income (loss) (20)                           (20)      
Common stock repurchases (1)                               (1)  
Common stock dividends (94)                 (94)                
Ending balance at Jun. 30, 2024 $ 13,851         $ 22,077   $ 2,324   $ 360         $ (4,009)   $ (6,901)  
[1] Refer to the section titled Recently Adopted Accounting Standards in Note 1 for additional information.