XML 66 R56.htm IDEA: XBRL DOCUMENT v3.22.2.2
Business Combinations - Narrative (Details)
3 Months Ended 9 Months Ended
Jan. 03, 2022
USD ($)
$ / shares
shares
Sep. 30, 2022
USD ($)
$ / shares
shares
Sep. 30, 2021
USD ($)
Sep. 30, 2022
USD ($)
$ / shares
shares
Sep. 30, 2021
USD ($)
Dec. 31, 2021
$ / shares
Business Acquisition [Line Items]            
Preferred stock, par value (in dollars per share) | $ / shares   $ 0.01   $ 0.01   $ 0.01
Preferred stock, non-callable period, extended term 5 years          
Gain on acquisition   $ 0 $ 0 $ 431,000,000 $ 0  
Pro forma adjustment   $ 315,000,000 $ 124,000,000 841,000,000 $ 424,000,000  
CIT Group Inc.            
Business Acquisition [Line Items]            
Business combination, number of fractional shares purchased (in shares) | shares 8,800          
Business combination, payment to purchase fractional shares $ 7,000,000          
Stock-based compensation consideration 81,000,000          
Gain on acquisition 431,000,000          
Initial PCD ACL $ 272,000,000          
Business combination, pro forma information, earnings or loss of acquiree since acquisition date, actual       461,000,000    
CIT Group Inc. | Provision for Credit Losses            
Business Acquisition [Line Items]            
Pro forma adjustment       513,000,000    
CIT Group Inc. | Interest income            
Business Acquisition [Line Items]            
Business combination, pro forma information, revenue of acquiree since acquisition date, actual       1,199,000,000    
CIT Group Inc. | Noninterest income            
Business Acquisition [Line Items]            
Business combination, pro forma information, revenue of acquiree since acquisition date, actual       $ 920,000,000    
Class A Common Stock            
Business Acquisition [Line Items]            
Common stock, par value (in dollars per share) | $ / shares $ 1.00 $ 1   $ 1   $ 1
Class A Common Stock | CIT Group Inc.            
Business Acquisition [Line Items]            
Common stock, terms of conversion, conversion ratio 0.062          
Business acquisition, equity interest Issued or issuable (in shares) | shares 6,140,010          
Sale of stock (in dollars per share) | $ / shares $ 859.76          
Equity consideration $ 5,279,000,000          
Series A Preferred Stock            
Business Acquisition [Line Items]            
Preferred stock, par value (in dollars per share) | $ / shares   $ 0.01   $ 0.01    
Preferred stock, dividend rate       5.375%    
Preferred stock, shares outstanding (in shares) | shares   345,000   345,000    
Liquidation preference per share (in dollars per share) | $ / shares   $ 1,000   $ 1,000    
Total Liquidation Preference   $ 345,000,000   $ 345,000,000    
Series B Preferred Stock            
Business Acquisition [Line Items]            
Preferred stock, par value (in dollars per share) | $ / shares   $ 0.01   $ 0.01    
Preferred stock, dividend rate       5.80%    
Preferred stock, shares outstanding (in shares) | shares 325,000 325,000   325,000    
Liquidation preference per share (in dollars per share) | $ / shares $ 1,000 $ 1,000   $ 1,000    
Total Liquidation Preference $ 325,000,000 $ 325,000,000   $ 325,000,000    
Series C Preferred Stock            
Business Acquisition [Line Items]            
Preferred stock, par value (in dollars per share) | $ / shares   $ 0.01   $ 0.01    
Preferred stock, dividend rate       5.625%    
Preferred stock, shares outstanding (in shares) | shares 8,000,000 8,000,000   8,000,000    
Liquidation preference per share (in dollars per share) | $ / shares $ 25 $ 25   $ 25    
Total Liquidation Preference $ 200,000,000 $ 200,000,000   $ 200,000,000    
Preferred Stock | CIT Group Inc.            
Business Acquisition [Line Items]            
Equity consideration $ 541,000,000          
CIT Group Inc.            
Business Acquisition [Line Items]            
Common stock, par value (in dollars per share) | $ / shares $ 0.01          
CIT Group Inc. | Series A Preferred Stock            
Business Acquisition [Line Items]            
Preferred stock, par value (in dollars per share) | $ / shares $ 0.01          
CIT Group Inc. | Series B Preferred Stock            
Business Acquisition [Line Items]            
Common stock, terms of conversion, conversion ratio 1          
Preferred stock, par value (in dollars per share) | $ / shares $ 0.01          
Preferred stock, dividend rate 5.625%          
CIT Group Inc. | Series C Preferred Stock            
Business Acquisition [Line Items]            
Common stock, terms of conversion, conversion ratio 1