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Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)
$ in Millions
Total
Class A Common Stock
Class B Common Stock
Series A Preferred Stock
Series B Preferred Stock
Series C Preferred Stock
Preferred Stock
Preferred Stock
Series B Preferred Stock
Preferred Stock
Series C Preferred Stock
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid in Capital
Retained Earnings
Retained Earnings
Class A Common Stock
Retained Earnings
Class B Common Stock
Retained Earnings
Series A Preferred Stock
Retained Earnings
Series B Preferred Stock
Retained Earnings
Series C Preferred Stock
Accumulated Other Comprehensive (Loss) Income
Beginning balance, shareholders' equity at Dec. 31, 2020 $ 4,229           $ 340     $ 9 $ 1 $ 0 $ 3,867           $ 12
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net income 300                       300            
Other comprehensive loss, net of tax (34)                                   (34)
Cash dividends declared   $ (8) $ (1)                     $ (8) $ (1)        
Preferred stock dividends declared (9)                       (9)            
Ending balance, shareholders' equity at Jun. 30, 2021 4,477           340     9 1 0 4,149           (22)
Beginning balance, shareholders' equity at Mar. 31, 2021 4,321           340     9 1 0 4,005           (34)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net income 153                       153            
Other comprehensive loss, net of tax 12                                   12
Cash dividends declared   (4) 0                     (4) 0        
Preferred stock dividends declared (5)                       (5)            
Ending balance, shareholders' equity at Jun. 30, 2021 4,477           340     9 1 0 4,149           (22)
Beginning balance, shareholders' equity at Dec. 31, 2021 4,738           340     9 1 0 4,378           10
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net income 526                       526            
Other comprehensive loss, net of tax (475)                                   (475)
Issued in CIT Merger: 5,279       $ 334 $ 207   $ 334 $ 207 6   5,273              
Stock based compensation 72                     72              
Cash dividends declared   (14) (1)                     (14) (1)        
Preferred stock dividends declared       $ (9) (9) (6)                   $ (9) $ (9) $ (6)  
Ending balance, shareholders' equity at Jun. 30, 2022 10,642           881     15 1 5,345 4,865           (465)
Beginning balance, shareholders' equity at Mar. 31, 2022 10,570           881     15 1 5,344 4,634           (305)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net income 255                       255            
Other comprehensive loss, net of tax (160)                                   (160)
Stock based compensation 1                     1              
Cash dividends declared   $ (7) $ 0                     $ (7) $ 0        
Preferred stock dividends declared       $ (5) $ (9) $ (3)                   $ (5) $ (9) $ (3)  
Ending balance, shareholders' equity at Jun. 30, 2022 $ 10,642           $ 881     $ 15 $ 1 $ 5,345 $ 4,865           $ (465)