XML 19 R7.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - 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, 2021   $ 1,265        
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Preferred stock redemption   (1,000)        
Balance at beginning of period, common equity at Dec. 31, 2021     $ 0 $ 14,742 $ 1,212 $ (179)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Return of capital to parent       (2,000)    
Gain on transfer of certain precious metals trading and financing activities to an affiliate, net of tax       0    
Employee benefit plans       (2)    
Net income $ 548       548  
Cash dividends declared on preferred stock         (77)  
Cash dividends declared on common stock         0  
Other comprehensive income (loss), net of tax (2,396)         (2,396)
Balance at end of period, common equity at Dec. 31, 2022 11,848   $ 0 12,740 1,683 (2,575)
Balance at end of period at Dec. 31, 2022 12,113 $ 265        
Number of shares at beginning of period (shares) at Dec. 31, 2021   1,265 714      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Number of shares of preferred stock redeemed (in shares)   (1,000)        
Number of shares at end of period (shares) at Dec. 31, 2022   265 714      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Preferred stock redemption   $ 0        
Return of capital to parent       0    
Gain on transfer of certain precious metals trading and financing activities to an affiliate, net of tax       8    
Employee benefit plans       (8)    
Net income 393       393  
Cash dividends declared on preferred stock         (16)  
Cash dividends declared on common stock         (1,500)  
Other comprehensive income (loss), net of tax 649         649
Balance at end of period, common equity at Dec. 31, 2023 11,374   $ 0 12,740 560 (1,926)
Balance at end of period at Dec. 31, 2023 11,639 $ 265        
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Number of shares of preferred stock redeemed (in shares)   0        
Number of shares at end of period (shares) at Dec. 31, 2023   265 714      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Preferred stock redemption   $ 0        
Return of capital to parent       0    
Gain on transfer of certain precious metals trading and financing activities to an affiliate, net of tax       0    
Employee benefit plans       (13)    
Net income 825       825  
Cash dividends declared on preferred stock         (16)  
Cash dividends declared on common stock         (100)  
Other comprehensive income (loss), net of tax 154         154
Balance at end of period, common equity at Dec. 31, 2024 12,224   $ 0 $ 12,727 $ 1,269 $ (1,772)
Balance at end of period at Dec. 31, 2024 $ 12,489 $ 265        
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Number of shares of preferred stock redeemed (in shares)   0        
Number of shares at end of period (shares) at Dec. 31, 2024   265 714