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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Preferred stock
Common stock
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income (loss)
Balance at beginning of period at Dec. 31, 2020   $ 1,265        
Balance at beginning of period, common equity at Dec. 31, 2020     $ 0 $ 15,746 $ 601 $ 679
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Employee benefit plans       (3)    
Net income $ 532       532  
Cash dividends declared on preferred stock         (38)  
Other comprehensive loss, net of tax (598)         (598)
Balance at end of period, common equity at Jun. 30, 2021 16,919   0 15,743 1,095 81
Balance at end of period at Jun. 30, 2021 18,184 1,265        
Balance at beginning of period at Mar. 31, 2021   1,265        
Balance at beginning of period, common equity at Mar. 31, 2021     0 15,743 940 26
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Employee benefit plans       0    
Net income 193       193  
Cash dividends declared on preferred stock         (38)  
Other comprehensive loss, net of tax 55         55
Balance at end of period, common equity at Jun. 30, 2021 16,919   0 15,743 1,095 81
Balance at end of period at Jun. 30, 2021 18,184 1,265        
Balance at beginning of period at Dec. 31, 2021 17,040 1,265        
Balance at beginning of period, common equity at Dec. 31, 2021 15,775   0 14,742 1,212 (179)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Employee benefit plans       (5)    
Net income 291       291  
Cash dividends declared on preferred stock         (38)  
Other comprehensive loss, net of tax (1,751)         (1,751)
Balance at end of period, common equity at Jun. 30, 2022 14,272   0 14,737 1,465 (1,930)
Balance at end of period at Jun. 30, 2022 15,537 1,265        
Balance at beginning of period at Mar. 31, 2022   1,265        
Balance at beginning of period, common equity at Mar. 31, 2022     0 14,740 1,413 (1,345)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Employee benefit plans       (3)    
Net income 90       90  
Cash dividends declared on preferred stock         (38)  
Other comprehensive loss, net of tax (585)         (585)
Balance at end of period, common equity at Jun. 30, 2022 14,272   $ 0 $ 14,737 $ 1,465 $ (1,930)
Balance at end of period at Jun. 30, 2022 $ 15,537 $ 1,265