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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 424                       424            
Other comprehensive loss, net of tax (44)                                   (44)
Cash dividends declared   $ (12) $ (1)                     $ (12) $ (1)        
Preferred stock dividends declared (14)                       (14)            
Ending balance, shareholders' equity at Sep. 30, 2021 4,582           340     9 1 0 4,264           (32)
Beginning balance, shareholders' equity at Jun. 30, 2021 4,477           340     9 1 0 4,149           (22)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net income 124                       124            
Other comprehensive loss, net of tax (10)                                   (10)
Cash dividends declared   (4) 0                     (4) 0        
Preferred stock dividends declared (5)                       (5)            
Ending balance, shareholders' equity at Sep. 30, 2021 4,582           340     9 1 0 4,264           (32)
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 841                       841            
Other comprehensive loss, net of tax (739)                                   (739)
Issued in CIT Merger: 5,279       $ 334 $ 207   $ 334 $ 207 6   5,273              
Stock based compensation 74                     74              
Repurchased 1,027,414 shares of Class A common stock (842)                 (1)   (841)              
Cash dividends declared   (21) (2)                     (21) (2)        
Preferred stock dividends declared       $ (14) (14) (8)                   $ (14) $ (14) $ (8)  
Ending balance, shareholders' equity at Sep. 30, 2022 9,833           881     14 1 4,506 5,160           (729)
Beginning balance, shareholders' equity at Jun. 30, 2022 10,642           881     15 1 5,345 4,865           (465)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net income 315                       315            
Other comprehensive loss, net of tax (264)                                   (264)
Stock based compensation 2                     2              
Repurchased 1,027,414 shares of Class A common stock (842)                 (1)   (841)              
Cash dividends declared   $ (7) $ (1)                     $ (7) $ (1)        
Preferred stock dividends declared       $ (5) $ (5) $ (2)                   $ (5) $ (5) $ (2)  
Ending balance, shareholders' equity at Sep. 30, 2022 $ 9,833           $ 881     $ 14 $ 1 $ 4,506 $ 5,160           $ (729)