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Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Adjusted Balance
Common Stock (Par Value: $0.01)
Preferred Stock (Par Value: $0.01)
Paid-in Capital in Excess of Par
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Adjusted Balance
Treasury Stock, at Cost
Accumulated Other Comprehensive Loss, Net of Tax
Balance at Dec. 31, 2019 $ 6,712 $ (10) [1] $ 6,702 $ 5 $ 503 $ 6,115 $ 342 $ (10) $ 332 $ (220) $ (33)
Balance, shares at Dec. 31, 2019       467,346,781              
Accounting Standards Update [Extensible List] Accounting Standards Update 2016-13 Accounting Standards Update 2016-13           Accounting Standards Update 2016-13      
Shares issued for restricted stock, net of forfeitures           (22)       22  
Shares issued for restricted stock, net of forfeitures, shares       2,321,105              
Compensation expense related to restricted stock awards $ 30         30          
Net income 511           511        
Dividends paid on common stock (316)           (316)        
Dividends paid on preferred stock (33)           (33)        
Purchase of common stock (60)           0     (60)  
Purchase of common stock, shares       (5,766,078)              
Other comprehensive income (loss), net of tax 8                   8
Balance at Dec. 31, 2020 6,842     $ 5 503 6,123 494 $ (10) [1]   (258) (25)
Balance, shares at Dec. 31, 2020       463,901,808              
Shares issued for restricted stock, net of forfeitures           (28)       28  
Shares issued for restricted stock, net of forfeitures, shares       2,515,942              
Compensation expense related to restricted stock awards 31         31          
Net income 596           596        
Dividends paid on common stock (316)           (316)        
Dividends paid on preferred stock (33)           (33)        
Purchase of common stock (16)                 (16)  
Purchase of common stock, shares       (1,402,107)              
Other comprehensive income (loss), net of tax (60)                   (60)
Balance at Dec. 31, 2021 7,044     $ 5 503 6,126 741     (246) (85)
Balance, shares at Dec. 31, 2021       465,015,643              
Issuance of common stock for business combination 2,010     $ 2   2,008          
Issuance of common stock for business combination, shares       214,990,316              
Shares issued for restricted stock, net of forfeitures           (33)       33  
Shares issued for restricted stock, net of forfeitures, shares       3,548,310              
Compensation expense related to restricted stock awards 29         29          
Net income 650           650        
Dividends paid on common stock (317)           (317)        
Dividends paid on preferred stock (33)           (33)        
Purchase of common stock (24)                 (24)  
Purchase of common stock, shares       (2,336,935)              
Other comprehensive income (loss), net of tax (535)                   (535)
Balance at Dec. 31, 2022 $ 8,824     $ 7 $ 503 $ 8,130 $ 1,041     $ (237) $ (620)
Balance, shares at Dec. 31, 2022       681,217,334              
[1] Amount represents a $10 million cumulative adjustment, net of tax, to retained earnings as of January 1, 2020, as a result of the adoption of ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which became effective January 1, 2020.