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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 loss
Balance at beginning of period at Dec. 31, 2022   $ 265        
Balance at beginning of period, common equity at Dec. 31, 2022     $ 0 $ 12,740 $ 1,683 $ (2,575)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Gain on transfer of certain precious metals trading and financing activities to an affiliate, net of tax       8    
Employee benefit plans       (7)    
Net income $ 550       550  
Cash dividends declared on preferred stock         (8)  
Cash dividends declared on common stock         (1,000)  
Other comprehensive income (loss), net of tax (106)         (106)
Balance at end of period, common equity at Sep. 30, 2023 11,285   0 12,741 1,225 (2,681)
Balance at end of period at Sep. 30, 2023 11,550 265        
Balance at beginning of period at Jun. 30, 2023   265        
Balance at beginning of period, common equity at Jun. 30, 2023     0 12,735 1,043 (2,386)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Gain on transfer of certain precious metals trading and financing activities to an affiliate, net of tax       8    
Employee benefit plans       (2)    
Net income 182       182  
Other comprehensive income (loss), net of tax (295)         (295)
Balance at end of period, common equity at Sep. 30, 2023 11,285   0 12,741 1,225 (2,681)
Balance at end of period at Sep. 30, 2023 11,550 265        
Balance at beginning of period at Dec. 31, 2023 11,639 265        
Balance at beginning of period, common equity at Dec. 31, 2023 11,374   0 12,740 560 (1,926)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Gain on transfer of certain precious metals trading and financing activities to an affiliate, net of tax       0    
Employee benefit plans       (6)    
Net income 482       482  
Cash dividends declared on preferred stock         (8)  
Cash dividends declared on common stock         0  
Other comprehensive income (loss), net of tax 279         279
Balance at end of period, common equity at Sep. 30, 2024 12,121   0 12,734 1,034 (1,647)
Balance at end of period at Sep. 30, 2024 12,386 265        
Balance at beginning of period at Jun. 30, 2024   265        
Balance at beginning of period, common equity at Jun. 30, 2024     0 12,736 946 (2,093)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Gain on transfer of certain precious metals trading and financing activities to an affiliate, net of tax       0    
Employee benefit plans       (2)    
Net income 88       88  
Other comprehensive income (loss), net of tax 446         446
Balance at end of period, common equity at Sep. 30, 2024 12,121   $ 0 $ 12,734 $ 1,034 $ (1,647)
Balance at end of period at Sep. 30, 2024 $ 12,386 $ 265