v3.25.2
Statement of Changes in Consolidated Equity (unaudited) - USD ($)
$ in Millions
Total
Preferred Class A
Preferred stock
Common stock
Additional capital
Retained earnings
Retained earnings
Preferred Class A
Accumulated other comprehensive loss
Balance at beginning of period at Dec. 31, 2023 $ 4,037   $ 55 $ 410 $ 3,682 $ 1,720   $ (1,830)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 509         509    
Other comprehensive income (loss) (28)             (28)
Cash dividends declared:                
Preferred   $ (1)         $ (1)  
Common (42)         (42)    
Repurchase and retirement of common stock (H) (211)     (3) (208)      
Stock-based compensation 38       38      
Common stock issued: compensation plans (25)     1 (26)      
Balance at end of period at Jun. 30, 2024 4,277   55 408 3,486 2,186   (1,858)
Balance at beginning of period at Mar. 31, 2024 4,086   55 408 3,542 1,942   (1,861)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 266         266    
Other comprehensive income (loss) 3             3
Cash dividends declared:                
Common (22)         (22)    
Repurchase and retirement of common stock (H) (61)     (1) (60)      
Stock-based compensation 23       23      
Common stock issued: compensation plans (18)     1 (19)      
Balance at end of period at Jun. 30, 2024 4,277   55 408 3,486 2,186   (1,858)
Balance at beginning of period at Dec. 31, 2024 4,554   55 405 3,206 2,766   (1,878)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 751         751    
Other comprehensive income (loss) 129             129
Cash dividends declared:                
Preferred   $ (1)         $ (1)  
Common (82)         (82)    
Repurchase and retirement of common stock (H) (302)     (2) (300)      
Stock-based compensation 39       39      
Common stock issued: compensation plans (46)     1 (47)      
Balance at end of period at Jun. 30, 2025 5,042   55 404 2,898 3,434   (1,749)
Balance at beginning of period at Mar. 31, 2025 4,792   55 404 3,095 3,068   (1,830)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 407         407    
Other comprehensive income (loss) 81             81
Cash dividends declared:                
Common (41)         (41)    
Repurchase and retirement of common stock (H) (176)     (1) (175)      
Stock-based compensation 25       25      
Common stock issued: compensation plans (46)     1 (47)      
Balance at end of period at Jun. 30, 2025 $ 5,042   $ 55 $ 404 $ 2,898 $ 3,434   $ (1,749)