v3.25.2
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Preferred stock
Total common equity
Common stock
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Balance at beginning of period at Dec. 31, 2023   $ 265   $ 0 $ 12,740 $ 560 $ (1,926)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Employee benefit plans         (4)    
Net income $ 394         394  
Cash dividends declared on preferred stock           (8)  
Cash dividends declared on common stock           0  
Other comprehensive income (loss), net of tax (167)           (167)
Balance at end of period at Jun. 30, 2024 11,854 265 $ 11,589 0 12,736 946 (2,093)
Balance at beginning of period at Mar. 31, 2024   265   0 12,740 785 (2,034)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Employee benefit plans         (4)    
Net income 169         169  
Cash dividends declared on preferred stock           (8)  
Cash dividends declared on common stock           0  
Other comprehensive income (loss), net of tax (59)           (59)
Balance at end of period at Jun. 30, 2024 11,854 265 11,589 0 12,736 946 (2,093)
Balance at beginning of period at Dec. 31, 2024 12,489 265   0 12,727 1,269 (1,772)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Employee benefit plans         (9)    
Net income 449         449  
Cash dividends declared on preferred stock           (8)  
Cash dividends declared on common stock           (1,000)  
Other comprehensive income (loss), net of tax 89           89
Balance at end of period at Jun. 30, 2025 12,010 265 11,745 0 12,718 710 (1,683)
Balance at beginning of period at Mar. 31, 2025   265   0 12,720 1,470 (1,659)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Employee benefit plans         (2)    
Net income 248         248  
Cash dividends declared on preferred stock           (8)  
Cash dividends declared on common stock           (1,000)  
Other comprehensive income (loss), net of tax (24)           (24)
Balance at end of period at Jun. 30, 2025 $ 12,010 $ 265 $ 11,745 $ 0 $ 12,718 $ 710 $ (1,683)