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Consolidated Statement of Changes In Shareholders' Equity - USD ($)
shares in Thousands, $ in Millions
Total
Preferred Stock
Common Stock
Surplus
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Beginning balance at Dec. 31, 2018 $ 24,737 $ 3,690 $ 504 $ 10,061 $ 20,553 $ (1,356) $ (8,715)
Beginning balance (shares) at Dec. 31, 2018     503,880       123,933
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Reclassification of certain tax effects 0       84 [1] (84) [1]  
Net income 508       508    
Other comprehensive income (loss) 260         260  
Cash dividends declared:              
Common stock dividends (177)       (177)    
Preferred stock cash dividend (55)       (55)    
Common stock acquired (shares)             4,230
Common stock acquired (300)           $ (300)
Common stock awards exercised 71     26     $ 45
Common stock awards exercised (shares)             (1,002)
Other (6)     (5) (2)   $ 1
Other (shares)             (2)
Ending balance at Mar. 31, 2019 $ 25,038 3,690 $ 504 10,082 20,911 (1,180) $ (8,969)
Ending balance (shares) at Mar. 31, 2019     503,880       127,159
Cash dividends declared:              
Cash dividends declared (in USD per share) $ 0.47            
Beginning balance at Dec. 31, 2018 $ 24,737 3,690 $ 504 10,061 20,553 (1,356) $ (8,715)
Beginning balance (shares) at Dec. 31, 2018     503,880       123,933
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Reclassification of certain tax effects (84)            
Net income 1,678       1,678    
Other comprehensive income (loss) 455            
Cash dividends declared:              
Common stock dividends (541)            
Preferred stock cash dividend (160)            
Ending balance at Sep. 30, 2019 $ 25,209 3,690 $ 504 10,117 21,612 (985) $ (9,729)
Ending balance (shares) at Sep. 30, 2019     503,880       140,256
Cash dividends declared:              
Cash dividends declared (in USD per share) $ 1.46            
Beginning balance at Mar. 31, 2019 $ 25,038 3,690 $ 504 10,082 20,911 (1,180) $ (8,969)
Beginning balance (shares) at Mar. 31, 2019     503,880       127,159
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 587       587    
Other comprehensive income (loss) 306         306  
Cash dividends declared:              
Common stock dividends (175)       (175)    
Preferred stock cash dividend (50)       (50)    
Common stock acquired (shares)             4,598
Common stock acquired (300)           $ (300)
Common stock awards exercised 47     27     $ 20
Common stock awards exercised (shares)             (452)
Other 1       1   $ 0
Other (shares)             2
Ending balance at Jun. 30, 2019 $ 25,454 3,690 $ 504 10,109 21,274 (874) $ (9,249)
Ending balance (shares) at Jun. 30, 2019     503,880       131,307
Cash dividends declared:              
Cash dividends declared (in USD per share) $ 0.47            
Net income $ 583       583    
Other comprehensive income (loss) (111)         (111)  
Common stock dividends (189)       (189)    
Preferred stock cash dividend (55)       (55)    
Common stock acquired (shares)             9,407
Common stock acquired (500)           $ (500)
Common stock awards exercised 49     29     $ 20
Common stock awards exercised (shares)             (443)
Other (22)     (21) (1)   $ 0
Other (shares)             (15)
Ending balance at Sep. 30, 2019 $ 25,209 3,690 $ 504 10,117 21,612 (985) $ (9,729)
Ending balance (shares) at Sep. 30, 2019     503,880       140,256
Cash dividends declared:              
Cash dividends declared (in USD per share) $ 0.52            
Decrease in retained earnings $ 24,431            
Beginning balance at Dec. 31, 2019 24,431 2,962 $ 504 10,132 21,918 (876) $ (10,209)
Beginning balance (shares) at Dec. 31, 2019     503,880       146,490
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 634       634    
Other comprehensive income (loss) (44)         (44)  
Preferred stock redeemed (500) (491)     (9)    
Cash dividends declared:              
Common stock dividends (183)       (183)    
Preferred stock cash dividend (44)       (44)    
Common stock acquired (shares)             6,464
Common stock acquired (500)           $ (500)
Common stock awards exercised 68     23     $ 45
Common stock awards exercised (shares)             (1,017)
Other [2] (1)       (1)    
Other (shares) [2]             (1)
Ending balance at Mar. 31, 2020 $ 23,861 2,471 $ 504 10,155 22,315 (920) $ (10,664)
Ending balance (shares) at Mar. 31, 2020     503,880       151,936
Cash dividends declared:              
Cash dividends declared (in USD per share) $ 0.52            
Beginning balance at Dec. 31, 2019 $ 24,431 2,962 $ 504 10,132 21,918 (876) $ (10,209)
Beginning balance (shares) at Dec. 31, 2019     503,880       146,490
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 1,883       1,883    
Other comprehensive income (loss) 765            
Cash dividends declared:              
Common stock dividends (550)            
Preferred stock cash dividend (114)            
Ending balance at Sep. 30, 2020 $ 25,558 2,471 $ 504 10,192 23,128 (111) $ (10,626)
Ending balance (shares) at Sep. 30, 2020     503,880       151,082
Cash dividends declared:              
Cash dividends declared (in USD per share) $ 1.56            
Beginning balance at Mar. 31, 2020 $ 23,861 2,471 $ 504 10,155 22,315 (920) $ (10,664)
Beginning balance (shares) at Mar. 31, 2020     503,880       151,936
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 694       694    
Other comprehensive income (loss) 490         490  
Cash dividends declared:              
Common stock dividends (183)       (183)    
Preferred stock cash dividend (32)       (32)    
Common stock awards exercised 44     24     $ 20
Common stock awards exercised (shares)             (443)
Other (1) [2]       0 [2]   $ (1)
Other (shares) [2]             3
Ending balance at Jun. 30, 2020 $ 24,873 2,471 $ 504 10,179 22,794 (430) $ (10,645)
Ending balance (shares) at Jun. 30, 2020     503,880       151,496
Cash dividends declared:              
Cash dividends declared (in USD per share) $ 0.52            
Net income $ 555       555    
Other comprehensive income (loss) 319         319  
Common stock dividends (184)       (184)    
Preferred stock cash dividend (38)       (38)    
Common stock awards exercised 32     13     $ 19
Common stock awards exercised (shares)             (417)
Other 1       1    
Other (shares)             3
Ending balance at Sep. 30, 2020 $ 25,558 $ 2,471 $ 504 $ 10,192 $ 23,128 $ (111) $ (10,626)
Ending balance (shares) at Sep. 30, 2020     503,880       151,082
Cash dividends declared:              
Cash dividends declared (in USD per share) $ 0.52            
Decrease in retained earnings $ 25,558            
[1] Represents the reclassification from accumulated other comprehensive income into retained earnings as a result of our adoption of ASU 2018-02 - Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income in the first quarter of 2019.
[2] Includes the impact of transitioning to ASC 326 consisting of a decrease in retained earnings of $3 million in the first quarter of 2020.