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Condensed Consolidated Statement of Changes in Equity (unaudited) - USD ($)
$ in Millions
Total
Adjustments
[1]
As Adjusted
Preferred stock dividends — Series B
Preferred stock dividends — Series C
Common stock and paid-in capital
Common stock and paid-in capital
As Adjusted
Preferred stock
Preferred stock
As Adjusted
Retained earnings (accumulated deficit)
Retained earnings (accumulated deficit)
Adjustments
[1]
Retained earnings (accumulated deficit)
As Adjusted
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
As Adjusted
Treasury stock
Treasury stock
As Adjusted
Beginning balance at Dec. 31, 2023 $ 13,703 $ (2) $ 13,701     $ 21,975 $ 21,975 $ 2,324 $ 2,324 $ 91 $ (2) $ 89     $ (3,816) $ (3,816) $ (6,871) $ (6,871)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Net (loss) income 143                 143                
Preferred stock dividends       $ (16) $ (12)               $ (16) $ (12)        
Share-based compensation 59         59                        
Other comprehensive income (loss) (173)                           (173)      
Common stock repurchases (29)                               (29)  
Common stock dividends (93)                 (93)                
Ending balance at Mar. 31, 2024 13,580         22,034   2,324   111         (3,989)   (6,900)  
Beginning balance at Dec. 31, 2024 13,903         22,142   2,324   270         (3,924)   (6,909)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Net (loss) income (225)                 (225)                
Preferred stock dividends       $ (16) $ (12)               $ (16) $ (12)        
Share-based compensation 49         49                        
Other comprehensive income (loss) 662                           662      
Common stock repurchases (34)                               (34)  
Common stock dividends (95)                 (95)                
Ending balance at Mar. 31, 2025 $ 14,232         $ 22,191   $ 2,324   $ (78)         $ (3,262)   $ (6,943)  
[1] Refer to the section titled Recently Adopted Accounting Standards in Note 1 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K for additional information.