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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
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)
Stock based compensation 72                     72              
Cash dividends declared   $ (14) $ (1)                     $ (14) $ (1)        
Preferred stock dividends declared       $ (9) $ (9) $ (6)                   $ (9) $ (9) $ (6)  
Issued in CIT Merger: 5,279       334 207   $ 334 $ 207 6   5,273              
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)
Beginning balance, shareholders' equity at Dec. 31, 2022 9,662           881     14 1 4,109 5,392           (735)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net income 10,200                       10,200            
Other comprehensive loss, net of tax (37)                                   (37)
Stock based compensation (3)                     (3)              
Cash dividends declared   (20) (2)                     (20) (2)        
Preferred stock dividends declared       (9) (14) (6)                   (9) (14) (6)  
Ending balance, shareholders' equity at Jun. 30, 2023 19,771           881     14 1 4,106 15,541           (772)
Beginning balance, shareholders' equity at Mar. 31, 2023 19,216           881     14 1 4,104 14,885           (669)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net income 682                       682            
Other comprehensive loss, net of tax (103)                                   (103)
Stock based compensation 2                     2              
Cash dividends declared   $ (10) $ (1)                     $ (10) $ (1)        
Preferred stock dividends declared       $ (5) $ (7) $ (3)                   $ (5) $ (7) $ (3)  
Ending balance, shareholders' equity at Jun. 30, 2023 $ 19,771           $ 881     $ 14 $ 1 $ 4,106 $ 15,541           $ (772)