XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)
$ in Millions
Total
Class A Common Stock
Class B Common Stock
Series A
Series B
Series C
Preferred Stock
Preferred Stock
Series B
Preferred Stock
Series C
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid in Capital
Additional Paid in Capital
Class A Common Stock
Retained Earnings
Retained Earnings
Class A Common Stock
Retained Earnings
Class B Common Stock
Retained Earnings
Series A
Retained Earnings
Series B
Retained Earnings
Series C
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 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 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 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)
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 10,952                         10,952            
Other comprehensive loss, net of tax (145)                                     (145)
Stock based compensation (3)                     (3)                
Cash dividends declared   (31) $ (2)                       (31) $ (2)        
Preferred stock dividends declared:       (14) (22) (8)                     (14) (22) (8)  
Ending balance, shareholders' equity at Sep. 30, 2023 20,389           881     14 1 4,106   16,267           (880)
Beginning balance, shareholders' equity at Jun. 30, 2023 19,771           881     14 1 4,106   15,541           (772)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Net income 752                         752            
Other comprehensive loss, net of tax (108)                                     (108)
Cash dividends declared   $ (10)                         $ (10)          
Preferred stock dividends declared:       $ (5) $ (8) $ (3)                     $ (5) $ (8) $ (3)  
Ending balance, shareholders' equity at Sep. 30, 2023 $ 20,389           $ 881     $ 14 $ 1 $ 4,106   $ 16,267           $ (880)