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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
Series B Preferred Stock
Series B Preferred Stock
Retained Earnings
Series C Preferred Stock
Series C Preferred Stock
Retained Earnings
Series D Preferred Stock
Series D Preferred Stock
Retained Earnings
Beginning Balance at Dec. 31, 2019 $ 23,071 $ (882) $ 0 $ 163 $ 11,774 $ (2,737) $ 13,871            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income 1,697           1,697            
Other comprehensive income (loss) (135)         (135) 0            
Repurchase of common shares (875)     (2) (105)   (768)            
Other changes, primarily employee plans 102       149   (47)            
Cash dividends declared preferred               $ (27) $ (27) $ (38) $ (38)    
Cash dividends declared common (1,044)           (1,044)            
Ending Balance at Sep. 30, 2020 21,869   0 161 11,818 (2,872) 12,762            
Beginning Balance at Jun. 30, 2020 21,062   0 161 11,760 (2,911) 12,052            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income 1,073           1,073            
Other comprehensive income (loss) 39         39 0            
Other changes, primarily employee plans 59       58   1            
Cash dividends declared preferred               (7) (7) (9) (9)    
Cash dividends declared common (348)           (348)            
Ending Balance at Sep. 30, 2020 21,869   0 161 11,818 (2,872) 12,762            
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 6,341           6,341            
Other comprehensive income (loss) (68)         (68)              
Preferred shares issued 1,584       1,584                
Redemption of preferred shares (850)       (841)   (9)            
Repurchase of common shares (4,646)     (6) (400)   (4,240)            
Other changes, primarily employee plans 160     1 177   (18)            
Cash dividends declared preferred               (21) (21) (22) (22) $ (6) $ (6)
Cash dividends declared common (1,030)           (1,030)            
Ending Balance at Sep. 30, 2021 24,426   0 156 12,401 (2,963) 14,832            
Beginning Balance at Jun. 30, 2021 25,539   0 160 11,858 (2,881) 16,402            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income 1,826           1,826            
Other comprehensive income (loss) (82)         (82)              
Preferred shares issued 1,584       1,584                
Redemption of preferred shares (850)       (841)   (9)            
Repurchase of common shares (3,300)     (4) (266)   (3,030)            
Other changes, primarily employee plans 66       66                
Cash dividends declared preferred               $ (7) $ (7) $ (7) $ (7) $ (6) $ (6)
Cash dividends declared common (337)           (337)            
Ending Balance at Sep. 30, 2021 $ 24,426   $ 0 $ 156 $ 12,401 $ (2,963) $ 14,832            
[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.