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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Common Stock
Preferred Stock
Additional Paid-in Capital
Accumulated Deficit
[1]
Accumulated Other Comprehensive Income (Loss)
Common Stock in Treasury
Beginning balance (in shares) at Dec. 31, 2016   495,248,369 1,725,000       31,269
Beginning balance at Dec. 31, 2016 $ 917 $ 5   $ 4,677 $ (3,725) $ (39) $ (1)
Comprehensive income:              
Net income 1,046 [2]       1,046    
Other comprehensive loss (5)         (5)  
Comprehensive income [2] 1,041            
Stock-based compensation 38     38      
Preferred stock dividend (in shares)   12,791,716          
Preferred stock dividend (16)     (16)      
Issuance of restricted stock (in shares)   5,055,208          
Cancellation of restricted stock (in shares)   (742,028)          
Performance units vested (in shares)   121,208          
Issuance of common stock (in shares)   72          
Tax withholding - stock compensation (in shares)   (340,234)          
Tax withholding - stock compensation (1)     (1)      
Ending balance (in shares) at Dec. 31, 2017   512,134,311 1,725,000       31,269
Ending balance at Dec. 31, 2017 1,979 $ 5   4,698 (2,679) (44) $ (1)
Comprehensive income:              
Net income 537 [2]       537    
Other comprehensive loss 8         8  
Comprehensive income [2] 545            
Stock-based compensation $ 21     21      
Conversion of preferred stock (in shares)   74,998,614 (1,725,000)        
Conversion of preferred stock   $ 1   (1)      
Issuance of restricted stock (in shares)   349,562          
Cancellation of restricted stock (in shares)   (1,804,122)          
Treasury stock (in shares) 39,061,268           39,061,268
Treasury stock $ (180)           $ (180)
Performance units vested (in shares)   214,866          
Tax withholding - stock compensation (in shares)   (486,124)          
Tax withholding - stock compensation (3)     (3)      
Ending balance (in shares) at Dec. 31, 2018   585,407,107 0       39,092,537
Ending balance at Dec. 31, 2018 2,362 $ 6   4,715 (2,142) (36) $ (181)
Comprehensive income:              
Net income 891       891    
Other comprehensive loss 3         3  
Comprehensive income 894            
Stock-based compensation $ 12     12      
Issuance of restricted stock (in shares)   236,978          
Cancellation of restricted stock (in shares)   (239,571)          
Treasury stock (in shares) 5,260,687           5,260,687
Treasury stock $ (21)           $ (21)
Performance units vested (in shares)   535,802          
Tax withholding - stock compensation (in shares)   (384,393)          
Tax withholding - stock compensation (1)     (1)      
Ending balance (in shares) at Dec. 31, 2019   585,555,923 0       44,353,224
Ending balance at Dec. 31, 2019 $ 3,246 $ 6   $ 4,726 $ (1,251) $ (33) $ (202)
[1] Includes a net cumulative-effect adjustment of $59 million related to the recognition of previously unrecognized windfall tax benefits resulting from the adoption of ASU 2016-9 as of the beginning of 2017. This adjustment increased net deferred tax assets and the related income tax valuation allowance by the same amount.
[2] In 2018 and 2017, deferred tax activity incurred in other comprehensive income was offset by a valuation allowance.