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Consolidated Statement of Changes in Shareholders' Equity - USD ($)
$ in Millions
Total
Preferred Stock
Common Stock
Surplus
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Beginning balance at Dec. 31, 2022 $ 25,191 $ 1,976 $ 504 $ 10,730 $ 27,028 $ (3,711) $ (11,336)
Beginning balance (shares) at Dec. 31, 2022     503,880,000        
Treasury stock, beginning balance (in shares) at Dec. 31, 2022             154,855,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 549       549    
Other comprehensive income (loss) 439         439  
Cash dividends declared:              
Common stock dividends (212)       (212)    
Preferred stock cash dividends (23)       (23)    
Common stock acquired (1,262)           $ (1,262)
Common stock acquired (shares)             13,647,000
Common stock awards exercised 69     (6)     $ 75
Common stock awards exercised (in shares)             (1,085,000)
Other (1)           $ (1)
Other (shares)             1,000
Ending balance at Mar. 31, 2023 24,750 1,976 $ 504 10,724 27,342 (3,272) $ (12,524)
Ending balance (shares) at Mar. 31, 2023     503,880,000        
Treasury stock, ending balance (in shares) at Mar. 31, 2023             167,418,000
Beginning balance at Dec. 31, 2022 25,191 1,976 $ 504 10,730 27,028 (3,711) $ (11,336)
Beginning balance (shares) at Dec. 31, 2022     503,880,000        
Treasury stock, beginning balance (in shares) at Dec. 31, 2022             154,855,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 1,312            
Other comprehensive income (loss) 453            
Cash dividends declared:              
Common stock dividends (415)            
Preferred stock cash dividends (60)            
Ending balance at Jun. 30, 2023 24,204 1,976 $ 504 10,729 27,808 (3,258) $ (13,555)
Ending balance (shares) at Jun. 30, 2023     503,880,000        
Treasury stock, ending balance (in shares) at Jun. 30, 2023             181,778,000
Beginning balance at Mar. 31, 2023 24,750 1,976 $ 504 10,724 27,342 (3,272) $ (12,524)
Beginning balance (shares) at Mar. 31, 2023     503,880,000        
Treasury stock, beginning balance (in shares) at Mar. 31, 2023             167,418,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 763       763    
Other comprehensive income (loss) 14         14  
Cash dividends declared:              
Common stock dividends (203)       (203)    
Preferred stock cash dividends (37)       (37)    
Common stock acquired (1,060)           $ (1,060)
Common stock acquired (shares)             14,773,000
Common stock awards exercised 34     5     $ 29
Common stock awards exercised (in shares)             (415,000)
Other (57)       (57)    
Other (shares)             2,000
Ending balance at Jun. 30, 2023 24,204 1,976 $ 504 10,729 27,808 (3,258) $ (13,555)
Ending balance (shares) at Jun. 30, 2023     503,880,000        
Treasury stock, ending balance (in shares) at Jun. 30, 2023             181,778,000
Beginning balance at Dec. 31, 2023 $ 23,799 1,976 $ 504 10,741 27,957 (2,354) $ (15,025)
Beginning balance (shares) at Dec. 31, 2023 503,879,642   503,880,000        
Treasury stock, beginning balance (in shares) at Dec. 31, 2023 201,935,599           201,936,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income $ 463       463    
Other comprehensive income (loss) (15)         (15)  
Preferred stock issued 1,481 1,481          
Preferred stock redeemed (1,000) (989)     (11)    
Cash dividends declared:              
Common stock dividends (208)       (208)    
Preferred stock cash dividends (34)       (34)    
Common stock acquired (100)           $ (100)
Common stock acquired (shares)             1,365,000
Common stock awards exercised 49     (17)     $ 66
Common stock awards exercised (in shares)             (926,000)
Other (2)       (1)   $ (1)
Ending balance at Mar. 31, 2024 24,433 2,468 $ 504 10,724 28,166 (2,369) $ (15,060)
Ending balance (shares) at Mar. 31, 2024     503,880,000        
Treasury stock, ending balance (in shares) at Mar. 31, 2024             202,375,000
Beginning balance at Dec. 31, 2023 $ 23,799 1,976 $ 504 10,741 27,957 (2,354) $ (15,025)
Beginning balance (shares) at Dec. 31, 2023 503,879,642   503,880,000        
Treasury stock, beginning balance (in shares) at Dec. 31, 2023 201,935,599           201,936,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income $ 1,174            
Other comprehensive income (loss) 40            
Cash dividends declared:              
Common stock dividends (415)            
Preferred stock cash dividends (89)            
Ending balance at Jun. 30, 2024 $ 24,762 2,468 $ 504 10,721 28,615 (2,314) $ (15,232)
Ending balance (shares) at Jun. 30, 2024 503,879,642   503,880,000        
Treasury stock, ending balance (in shares) at Jun. 30, 2024 204,648,637           204,649,000
Beginning balance at Mar. 31, 2024 $ 24,433 2,468 $ 504 10,724 28,166 (2,369) $ (15,060)
Beginning balance (shares) at Mar. 31, 2024     503,880,000        
Treasury stock, beginning balance (in shares) at Mar. 31, 2024             202,375,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 711       711    
Other comprehensive income (loss) 55         55  
Cash dividends declared:              
Common stock dividends (207)       (207)    
Preferred stock cash dividends (55)       (55)    
Common stock acquired (200)           $ (200)
Common stock acquired (shares)             2,684,000
Common stock awards exercised 26     (3)     $ 29
Common stock awards exercised (in shares)             (412,000)
Other (1)           $ (1)
Other (shares)             2,000
Ending balance at Jun. 30, 2024 $ 24,762 $ 2,468 $ 504 $ 10,721 $ 28,615 $ (2,314) $ (15,232)
Ending balance (shares) at Jun. 30, 2024 503,879,642   503,880,000        
Treasury stock, ending balance (in shares) at Jun. 30, 2024 204,648,637           204,649,000