v3.25.2
Consolidated Statements Of Changes In Shareholders' Equity (unaudited) - USD ($)
shares in Thousands, $ in Millions
Total
Nonredeemable Preferred Stock
Common Stock
Capital Surplus
Accumulated Other Comprehensive Loss
Retained Earnings
Treasury Stock
Beginning balance (in shares) at Dec. 31, 2023     131,900        
Balance at Dec. 31, 2023 $ 6,406 $ 394 $ 1,141 $ 2,224 $ (3,048) $ 11,727 $ (6,032)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cumulative effect of change in accounting principle [1] (4)         (4)  
Net income 344         344  
Other Comprehensive Income (Loss), Net of Tax (415)       (415)    
Cash dividends declared on common stock (189)         (189)  
Cash dividends declared on preferred stock (11)         (11)  
Net issuance of common stock under employee stock plans (in shares)     700        
Net issuance of common stock under employee stock plans (6)     (50)   0 44
Share-based compensation 36     36      
Ending balance at Jun. 30, 2024 6,161 394 $ 1,141 2,210 (3,463) 11,867 (5,988)
Ending Balance (in shares) at Jun. 30, 2024     132,600        
Beginning balance (in shares) at Mar. 31, 2024     132,500        
Balance at Mar. 31, 2024 6,050 394 $ 1,141 2,202 (3,457) 11,765 (5,995)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 206         206  
Other Comprehensive Income (Loss), Net of Tax (6)       (6)    
Cash dividends declared on common stock (95)         (95)  
Cash dividends declared on preferred stock (5)         (5)  
Net issuance of common stock under employee stock plans (in shares)     100        
Net issuance of common stock under employee stock plans 2     (1)   (4) 7
Share-based compensation 9     9      
Ending balance at Jun. 30, 2024 6,161 394 $ 1,141 2,210 (3,463) 11,867 (5,988)
Ending Balance (in shares) at Jun. 30, 2024     132,600        
Beginning balance (in shares) at Dec. 31, 2024     131,400        
Balance at Dec. 31, 2024 6,543 394 $ 1,141 2,218 (3,161) 12,017 (6,066)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 371         371  
Other Comprehensive Income (Loss), Net of Tax 662       662    
Cash dividends declared on common stock (186)         (186)  
Cash dividends declared on preferred stock (11)         (11)  
Treasury Stock, Value, Acquired, Cost Method 151     1     150
Purchase of common stock (in shares)     (2,500)        
Redemption of preferred stock 400 (394)       (6)  
Net issuance of common stock under employee stock plans (in shares)     800        
Net issuance of common stock under employee stock plans (3)     (53)   0 50
Share-based compensation 35     35      
Ending balance at Jun. 30, 2025 6,860 0 $ 1,141 2,199 (2,499) 12,185 (6,166)
Ending Balance (in shares) at Jun. 30, 2025     129,700        
Beginning balance (in shares) at Mar. 31, 2025     131,200        
Balance at Mar. 31, 2025 7,052 394 $ 1,141 2,198 (2,695) 12,093 (6,079)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 199         199  
Other Comprehensive Income (Loss), Net of Tax 196       196    
Cash dividends declared on common stock (93)         (93)  
Cash dividends declared on preferred stock (5)         (5)  
Treasury Stock, Value, Acquired, Cost Method 101     0     101
Purchase of common stock (in shares)     1,800        
Redemption of preferred stock 400 (394)       (6)  
Net issuance of common stock under employee stock plans (in shares)     300        
Net issuance of common stock under employee stock plans 4     (7)   (3) 14
Share-based compensation 8     8      
Ending balance at Jun. 30, 2025 $ 6,860 $ 0 $ 1,141 $ 2,199 $ (2,499) $ 12,185 $ (6,166)
Ending Balance (in shares) at Jun. 30, 2025     129,700        
[1] Effective January 1, 2024, the Corporation adopted ASU 2023-02, which expanded the permitted use of the proportional amortization method to certain tax credit investments.