STOCKHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2020

Equity [Abstract]

Schedule of preferred stock

The following table summarizes the Company’s preferred stock:

			June 30, 2020			December 31, 2019
(in millions, except per share and share data)	Liquidation value per share		Preferred Shares		Carrying Amount	Preferred Shares	Carrying Amount
Authorized ($25 par value)			100,000,000			100,000,000
Issued and outstanding:
Series A	$1,000		250,000		$247	250,000	$247
Series B	1,000		300,000		296	300,000	296
Series C	1,000		300,000		297	300,000	297
Series D	1,000	(1)	300,000	(2)	293	300,000	293
Series E	1,000	(1)	450,000	(3)	437	450,000	437
Series F	1,000		400,000		395	—	—
Total			2,000,000		$1,965	1,600,000	$1,570

⁽¹⁾ Equivalent to $25 per depositary share.

⁽²⁾ Represented by 12,000,000 depositary shares each representing a 1/40th interest in the Series D Preferred Stock.

⁽³⁾ Represented by 18,000,000 depositary shares each representing a 1/40th interest in the Series E Preferred Stock.

Schedule of dividends

The following table provides information related to dividends per share and in the aggregate, declared and paid, for each type of stock issued and outstanding:

	Three Months Ended June 30, 2020						Three Months Ended June 30, 2019
(in millions, except per share data)	Dividends Declared per Share		Dividends Declared		Dividends Paid		Dividends Declared per Share		Dividends Declared		Dividends Paid
Common stock		$0.39		$168		$168		$0.32		$148		$148
Preferred stock
Series A		$13.48		$3		$7		$—		$—		$7
Series B	30.00		9		—		30.00		9		—
Series C	15.94		5		5		15.94		4		5
Series D	15.88		5		5		15.88		5		3
Series E	12.50		6		5		—		—		—
Total preferred stock				$28		$22				$18		$15

	Six Months Ended June 30, 2020						Six Months Ended June 30, 2019
(in millions, except per share and share data)	Dividends Declared per Share		Dividends Declared		Dividends Paid		Dividends Declared per Share		Dividends Declared		Dividends Paid
Common stock		$0.78		$336		$336		$0.64		$297		$297
Preferred stock
Series A		$40.98		$10		$7		$27.50		$7		$7
Series B	30.00		9		9		30.00		9		11
Series C	31.88		10		10		31.88		9		9
Series D	31.75		10		10		27.70		8		3
Series E	25.00		11		9		—		—		—
Total preferred stock				$50		$45				$33		$30