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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 944                 944                
Preferred stock dividends       $ (48) $ (35)               $ (48) $ (35)        
Share-based compensation 120         120                        
Other comprehensive income (loss) (706)                           (706)      
Common stock repurchases (29)                               (29)  
Common stock dividends (280)                 (280)                
Ending balance at Sep. 30, 2023 12,825         21,936   2,324   197         (4,765)   (6,867)  
Beginning balance at Jun. 30, 2023 13,532         21,915   2,324   23         (3,863)   (6,867)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Net income 296                 296                
Preferred stock dividends       (16) (11)               (16) (11)        
Share-based compensation 21         21                        
Other comprehensive income (loss) (902)                           (902)      
Common stock dividends (95)                 (95)                
Ending balance at Sep. 30, 2023 12,825         21,936   2,324   197         (4,765)   (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 808                 808                
Preferred stock dividends       (48) (35)               (48) (35)        
Share-based compensation 126         126                        
Other comprehensive income (loss) 423                           423      
Common stock repurchases (31)                               (31)  
Common stock dividends (282)                 (282)                
Ending balance at Sep. 30, 2024 14,725         22,101   2,324   595         (3,393)   (6,902)  
Beginning balance at Jun. 30, 2024 13,851         22,077   2,324   360         (4,009)   (6,901)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Net income 357                 357                
Preferred stock dividends       $ (16) $ (11)               $ (16) $ (11)        
Share-based compensation 24         24                        
Other comprehensive income (loss) 616                           616      
Common stock repurchases (1)                               (1)  
Common stock dividends (95)                 (95)                
Ending balance at Sep. 30, 2024 $ 14,725         $ 22,101   $ 2,324   $ 595         $ (3,393)   $ (6,902)  
[1] Refer to the section titled Recently Adopted Accounting Standards in Note 1 for additional information.