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Consolidated Statements of Shareholders' Equity - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
[1]
Preferred Shares
Common Shares
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
[1]
Series B Preferred Stock
Series B Preferred Stock
Retained Earnings
Series C Preferred Stock
Series C Preferred Stock
Retained Earnings
Beginning Balance at Dec. 31, 2019 $ 23,071 $ (882) $ 0 $ 163 $ 11,774 $ (2,737) $ 13,871 $ (882)        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 367           367          
Other comprehensive loss (259)         (259) 0          
Repurchase of common shares (875)     (2) (105)   (768)          
Other changes, primarily employee plans (36)       11   (47)          
Cash dividends declared preferred                 $ (11) $ (11) $ (21) $ (21)
Cash dividends declared common (348)           (348)          
Ending Balance at Mar. 31, 2020 21,006   0 161 11,680 (2,996) 12,161          
Beginning Balance at Dec. 31, 2020 22,984   0 161 11,881 (2,895) 13,837          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 2,235           2,235          
Other comprehensive loss (3)         (3) 0          
Repurchase of common shares (438)     (1) (49)   (388)          
Other changes, primarily employee plans 32     1 46   (15)          
Cash dividends declared preferred                 $ (7) $ (7) $ (7) $ (7)
Cash dividends declared common (347)           (347)          
Ending Balance at Mar. 31, 2021 $ 24,449   $ 0 $ 161 $ 11,878 $ (2,898) $ 15,308          
[1] Represents $1,170 million, net of tax of $288 million, related to the impact as of January 1, 2020 of adopting the current expected credit loss methodology for the recognition of credit losses on certain financial instruments.