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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 income 362                 362                
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 13,699         22,077   2,324   208         (4,009)   (6,901)  
Beginning balance at Mar. 31, 2024 13,580         22,034   2,324   111         (3,989)   (6,900)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Net income 219                 219                
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 13,699         22,077   2,324   208         (4,009)   (6,901)  
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 income 127                 127                
Preferred stock dividends       (32) (24)               (32) (24)        
Share-based compensation 93         93                        
Other comprehensive income (loss) 705                           705      
Common stock repurchases (35)                               (35)  
Common stock dividends (190)                 (190)                
Ending balance at Jun. 30, 2025 14,547         22,235   2,324   151         (3,219)   (6,944)  
Beginning balance at Mar. 31, 2025 14,232         22,191   2,324   (78)         (3,262)   (6,943)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Net income 352                 352                
Preferred stock dividends       $ (16) $ (12)               $ (16) $ (12)        
Share-based compensation 44         44                        
Other comprehensive income (loss) 43                           43      
Common stock repurchases (1)                               (1)  
Common stock dividends (95)                 (95)                
Ending balance at Jun. 30, 2025 $ 14,547         $ 22,235   $ 2,324   $ 151         $ (3,219)   $ (6,944)  
[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.