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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
Total
Cumulative Effect, Period of Adoption, Adjustment
Preferred Stock
Common Stock
Additional Paid-In Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Beginning balance (shares) at Dec. 31, 2021     4,975,000 685,057,944          
Beginning balance at Dec. 31, 2021 $ 61,029,000,000   $ 0 $ 7,000,000 $ 34,112,000,000 $ 51,006,000,000   $ 374,000,000 $ (24,470,000,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Comprehensive income (loss) (2,064,000,000)         2,403,000,000   (4,467,000,000)  
Dividends, common stock (shares) [1]       18,408          
Dividends, common stock [1] (251,000,000)     $ 0 2,000,000 (253,000,000)      
Dividends, preferred stock (57,000,000)         (57,000,000)      
Purchases of treasury stock (2,484,000,000)               (2,484,000,000)
Issuances of common stock and restricted stock, net of forfeitures (shares)       2,517,691          
Issuances of common stock and restricted stock, net of forfeitures 68,000,000     $ 0 68,000,000        
Exercises of stock options (shares)       7,809          
Exercises of stock options 1,000,000     $ 0 1,000,000        
Compensation expense for restricted stock units and stock options 103,000,000       103,000,000        
Ending balance (shares) at Mar. 31, 2022     4,975,000 687,601,852          
Ending balance at Mar. 31, 2022 56,345,000,000   $ 0 $ 7,000,000 34,286,000,000 53,099,000,000   (4,093,000,000) (26,954,000,000)
Beginning balance (shares) at Dec. 31, 2021     4,975,000 685,057,944          
Beginning balance at Dec. 31, 2021 61,029,000,000   $ 0 $ 7,000,000 34,112,000,000 51,006,000,000   374,000,000 (24,470,000,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Comprehensive income (loss) (4,950,000,000)                
Ending balance (shares) at Sep. 30, 2022     4,975,000 689,412,995          
Ending balance at Sep. 30, 2022 50,861,000,000   $ 0 $ 7,000,000 34,579,000,000 56,240,000,000   (10,704,000,000) (29,261,000,000)
Beginning balance (shares) at Mar. 31, 2022     4,975,000 687,601,852          
Beginning balance at Mar. 31, 2022 56,345,000,000   $ 0 $ 7,000,000 34,286,000,000 53,099,000,000   (4,093,000,000) (26,954,000,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Comprehensive income (loss) (792,000,000)         2,031,000,000   (2,823,000,000)  
Dividends, common stock (shares) [1]       4,083          
Dividends, common stock [1] (236,000,000)     $ 0 1,000,000 (237,000,000)      
Dividends, preferred stock (57,000,000)         (57,000,000)      
Purchases of treasury stock (1,988,000,000)               (1,988,000,000)
Issuances of common stock and restricted stock, net of forfeitures (shares)       671,473          
Issuances of common stock and restricted stock, net of forfeitures 70,000,000     $ 0 70,000,000        
Compensation expense for restricted stock units and stock options 68,000,000       68,000,000        
Ending balance (shares) at Jun. 30, 2022     4,975,000 688,277,408          
Ending balance at Jun. 30, 2022 53,410,000,000   $ 0 $ 7,000,000 34,425,000,000 54,836,000,000   (6,916,000,000) (28,942,000,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Comprehensive income (loss) (2,094,000,000)         1,694,000,000   (3,788,000,000)  
Dividends, common stock (shares)       5,936          
Dividends, common stock (232,000,000)     $ 0 1,000,000 (233,000,000)      
Dividends, preferred stock (57,000,000)         (57,000,000)      
Purchases of treasury stock (319,000,000)               (319,000,000)
Issuances of common stock and restricted stock, net of forfeitures (shares)       941,581          
Issuances of common stock and restricted stock, net of forfeitures 76,000,000     $ 0 76,000,000        
Exercises of stock options (shares)       188,070          
Exercises of stock options 10,000,000     $ 0 10,000,000        
Compensation expense for restricted stock units and stock options 67,000,000       67,000,000        
Ending balance (shares) at Sep. 30, 2022     4,975,000 689,412,995          
Ending balance at Sep. 30, 2022 50,861,000,000   $ 0 $ 7,000,000 34,579,000,000 56,240,000,000   (10,704,000,000) (29,261,000,000)
Beginning balance (shares) at Dec. 31, 2022     4,975,000 690,334,422          
Beginning balance at Dec. 31, 2022 52,582,000,000 $ 48,000,000 [2] $ 0 $ 7,000,000 34,725,000,000 57,184,000,000 $ 48,000,000 [2] (9,916,000,000) (29,418,000,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Comprehensive income (loss) 2,336,000,000         960,000,000   1,376,000,000  
Dividends, common stock (shares) [1]       26,635          
Dividends, common stock [1] (234,000,000)     $ 0 3,000,000 (237,000,000)      
Dividends, preferred stock (57,000,000)         (57,000,000)      
Purchases of treasury stock (246,000,000)               (246,000,000)
Issuances of common stock and restricted stock, net of forfeitures (shares)       2,972,149          
Issuances of common stock and restricted stock, net of forfeitures 76,000,000     $ 0 76,000,000        
Compensation expense for restricted stock units and stock options 148,000,000       148,000,000        
Ending balance (shares) at Mar. 31, 2023     4,975,000 693,333,206          
Ending balance at Mar. 31, 2023 54,653,000,000 (11,000,000) $ 0 $ 7,000,000 34,952,000,000 57,898,000,000 (11,000,000) (8,540,000,000) (29,664,000,000)
Beginning balance (shares) at Dec. 31, 2022     4,975,000 690,334,422          
Beginning balance at Dec. 31, 2022 52,582,000,000 48,000,000 [2] $ 0 $ 7,000,000 34,725,000,000 57,184,000,000 48,000,000 [2] (9,916,000,000) (29,418,000,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Comprehensive income (loss) 1,873,000,000                
Ending balance (shares) at Sep. 30, 2023     4,975,000 695,336,698          
Ending balance at Sep. 30, 2023 53,668,000,000   $ 0 $ 7,000,000 35,334,000,000 60,529,000,000   (12,224,000,000) (29,978,000,000)
Beginning balance (shares) at Mar. 31, 2023     4,975,000 693,333,206          
Beginning balance at Mar. 31, 2023 54,653,000,000 (11,000,000) $ 0 $ 7,000,000 34,952,000,000 57,898,000,000 (11,000,000) (8,540,000,000) (29,664,000,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Comprehensive income (loss) 153,000,000         1,431,000,000   (1,278,000,000)  
Dividends, common stock (shares)       4,745          
Dividends, common stock (232,000,000)     $ 0 1,000,000 (233,000,000)      
Dividends, preferred stock (57,000,000)         (57,000,000)      
Purchases of treasury stock (157,000,000)               (157,000,000)
Issuances of common stock and restricted stock, net of forfeitures (shares)       989,004          
Issuances of common stock and restricted stock, net of forfeitures 88,000,000     $ 0 88,000,000        
Compensation expense for restricted stock units and stock options 122,000,000       122,000,000        
Ending balance (shares) at Jun. 30, 2023     4,975,000 694,326,955          
Ending balance at Jun. 30, 2023 54,559,000,000 $ 0 [3] $ 0 $ 7,000,000 35,163,000,000 59,028,000,000 $ 0 [3] (9,818,000,000) (29,821,000,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Comprehensive income (loss) (616,000,000)         1,790,000,000   (2,406,000,000)  
Dividends, common stock (shares) [1]       4,078          
Dividends, common stock [1] (232,000,000)     $ 0 0 (232,000,000)      
Dividends, preferred stock (57,000,000)         (57,000,000)      
Purchases of treasury stock (157,000,000)               (157,000,000)
Issuances of common stock and restricted stock, net of forfeitures (shares)       943,409          
Issuances of common stock and restricted stock, net of forfeitures 71,000,000     $ 0 71,000,000        
Exercises of stock options (shares)       62,256          
Exercises of stock options 4,000,000     $ 0 4,000,000        
Compensation expense for restricted stock units and stock options 96,000,000       96,000,000        
Ending balance (shares) at Sep. 30, 2023     4,975,000 695,336,698          
Ending balance at Sep. 30, 2023 $ 53,668,000,000   $ 0 $ 7,000,000 $ 35,334,000,000 $ 60,529,000,000   $ (12,224,000,000) $ (29,978,000,000)
[1] We declared dividends per share on our common stock of $0.60 in the third quarter of 2023 and 2022, and $1.80 in the first nine months of 2023 and 2022.
[2] Impact from the adoption of ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures as of January 1, 2023.
[3] We have equity method investments in certain non-public entities which adopted ASU 2019-10, Financial Instruments - Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) as of January 1, 2023. The impact to retained earnings was recorded in the second quarter of 2023, on a one quarter lag consistent with our standard operating procedures for equity method investments.