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Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Millions
Total
Noncumulative Series B Preferred Stock
Noncumulative Convertible Preferred Stock Series C
Series B Preferred Stock
Series C Preferred Stock
Preferred Stock (Par Value: $0.01)
Common Stock (Par Value: 0.01)
Common Stock (Par Value: 0.01)
Series B Preferred Stock
Common Stock (Par Value: 0.01)
Series C Preferred Stock
Paid-in Capital in excess of Par
Paid-in Capital in excess of Par
Series B Preferred Stock
Paid-in Capital in excess of Par
Series C Preferred Stock
(Accumulated deficit)/Retained Earnings
Treasury Stock, at Cost
Accumulated Other Comprehensive Loss, Net of Tax
Beginning balance (in shares) at Dec. 31, 2021 [1] 155,005,214                            
Beginning balance at Dec. 31, 2021 $ 7,044         $ 503 $ 0     $ 6,131     $ 741 $ (246) $ (85)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Issuance and exercise of stock (in shares) [1] 71,663,439                            
Issuance and exercise of stock $ 2,010           2     2,008          
Shares issued for restricted stock, net of forfeitures (in shares) [1] 1,182,770                            
Shares issued for restricted stock, net of forfeitures $ 0                 (33)       33  
Compensation expense related to restricted stock awards 29                 29          
Net (loss) income 650                       650    
Dividends paid on common stock (317)                       (317)    
Dividends paid on preferred stock $ (33)                       (33)    
Purchase of common stock (in shares) [1] (778,978)                            
Purchase of common stock $ (24)                         (24)  
Other comprehensive (loss) income, net of tax $ (535)                           (535)
Ending balance (in shares) at Dec. 31, 2022 [1] 227,072,445                            
Ending balance at Dec. 31, 2022 $ 8,824         503 2     8,135     1,041 (237) (620)
Beginning balance at Dec. 31, 2021 0                            
Ending balance at Dec. 31, 2022 $ 0                            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Issuance and exercise of stock (in shares) [1] 13,010,668                            
Issuance and exercise of stock $ 85           0     85          
Shares issued for restricted stock, net of forfeitures (in shares) [1] 1,024,855                            
Shares issued for restricted stock, net of forfeitures $ 0                 (31)       31  
Compensation expense related to restricted stock awards 47                 47          
Net (loss) income (79)                       (79)    
Dividends paid on common stock (486)                       (486)    
Dividends paid on preferred stock $ (33)                       (33)    
Purchase of common stock (in shares) [1] (419,178)                            
Purchase of common stock $ (12)                         (12)  
Other comprehensive (loss) income, net of tax $ 21                           21
Ending balance (in shares) at Dec. 31, 2023 [1] 240,688,790                            
Ending balance at Dec. 31, 2023 $ 8,367         503 2     8,236     443 (218) (599)
Ending balance at Dec. 31, 2023 $ 0                            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Issuance of mezzanine preferred stock Series , net (in shares) [1]   0 0                        
Issuance and exercise of stock (in shares) [1] 25,543,655     63,770,655 85,435,619                    
Issuance and exercise of stock $ 102     $ 258 $ 342     $ 1 $ 1 102 $ 257 $ 341      
Issuance of warrants to purchase common shares (in shares) [1] 0                            
Issuance of warrants to purchase common shares $ 302                 302          
Shares issued for restricted stock, net of forfeitures (in shares) [1] (16,633)                            
Shares issued for restricted stock, net of forfeitures $ 0                 (10)       10  
Compensation expense related to restricted stock awards 54                 54          
Net (loss) income (1,118)                       (1,118)    
Dividends paid on common stock (53)                       (53)    
Dividends paid on preferred stock $ (35)                       (35)    
Purchase of common stock (in shares) [1] (487,458)                            
Purchase of common stock $ (11)                         (11)  
Other comprehensive (loss) income, net of tax $ (41)                           (41)
Ending balance (in shares) at Dec. 31, 2024 [1] 414,934,628                            
Ending balance at Dec. 31, 2024 $ 8,167         $ 503 $ 4     $ 9,282     $ (763) $ (219) $ (640)
Preferred Stock Mezzanine (Par Value: $0.01)                              
Issuance of mezzanine preferred stock Series , net   $ 258 $ 346                        
Issuance of common shares for the conversion of Series B/ C preferred, net       $ (257) $ (346)                    
Ending balance at Dec. 31, 2024 $ 1                            
[1] On June 27, 2024, the Company announced a 1 for 3 reverse stock split, effective July 11, 2024. This reverse stock split is reflected retroactively         in all periods presented. See Note 1 - Description of Business, Organization and Basis of Presentation