v3.25.2
Consolidated Statements of Changes in Shareholders' Equity - USD ($)
$ in Millions
Total
Serial Preferred Stock
Serial Preferred Shares, No Par Value
Common Shares, $1.00 Par Value
Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Voting Preference Shares
Cash dividends declared on common stock (in dollars per share) $ 0.20              
Cash dividends declared on Serial Preferred Shares, Series B (in dollars per share) $ 15.688377              
Balance, Beginning of period at Dec. 31, 2023     $ 494 $ 585 $ 2,013 $ 18,801 $ (1,616)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Redemption of Serial Preferred Shares, Series B [1]     (494)          
Treasury shares purchased       0 (1) (47)    
Net restricted equity awards issued/vested       1 (1)      
Amortization of equity-based compensation         48      
Reinvested dividends on restricted stock units         1 (1)    
Net income $ 3,790         3,790    
Cash dividends declared on common shares ($0.10, $0.10, $0.20, and $0.20 per share) [1]           (117)    
Cash dividends declared on Serial Preferred Shares, Series B ($0, $0, $0, and $15.688377 per share) [1]           (8)    
Other, net           (8)    
Other comprehensive income (loss) (100)           (100)  
Balance, End of period at Jun. 30, 2024 $ 23,340   0 586 2,060 22,410 (1,716)  
Cash dividends declared on common stock (in dollars per share) $ 0.10              
Cash dividends declared on Serial Preferred Shares, Series B (in dollars per share) $ 0              
Balance, Beginning of period at Mar. 31, 2024     0 586 2,029 21,020 (1,824)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Redemption of Serial Preferred Shares, Series B [1]     0          
Treasury shares purchased       0 0 (11)    
Net restricted equity awards issued/vested       0 0      
Amortization of equity-based compensation         31      
Reinvested dividends on restricted stock units         0 0    
Net income $ 1,459         1,459    
Cash dividends declared on common shares ($0.10, $0.10, $0.20, and $0.20 per share) [1]           (58)    
Cash dividends declared on Serial Preferred Shares, Series B ($0, $0, $0, and $15.688377 per share) [1]           0    
Other, net           0    
Other comprehensive income (loss) 108           108  
Balance, End of period at Jun. 30, 2024 $ 23,340   0 586 2,060 22,410 (1,716)  
Common shares, par value (USD per share) $ 1.00              
Preferred stock, shares authorized (shares)   20,000,000           5,000,000
Preferred stock, shares issued (shares)               0
Common shares, par value (USD per share) 1.00              
Cash dividends declared on common stock (in dollars per share) 0.20              
Cash dividends declared on Serial Preferred Shares, Series B (in dollars per share) $ 0              
Balance, Beginning of period at Dec. 31, 2024 $ 25,591   0 586 2,145 24,283 (1,423)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Redemption of Serial Preferred Shares, Series B [1]     0          
Treasury shares purchased       0 (1) (66)    
Net restricted equity awards issued/vested       0 0      
Amortization of equity-based compensation         48      
Reinvested dividends on restricted stock units         0 0    
Net income 5,742         5,742    
Cash dividends declared on common shares ($0.10, $0.10, $0.20, and $0.20 per share) [1]           (117)    
Cash dividends declared on Serial Preferred Shares, Series B ($0, $0, $0, and $15.688377 per share) [1]           0    
Other, net           79    
Other comprehensive income (loss) 1,328           1,328  
Balance, End of period at Jun. 30, 2025 $ 32,604   0 586 2,192 29,921 (95)  
Cash dividends declared on common stock (in dollars per share) $ 0.10              
Cash dividends declared on Serial Preferred Shares, Series B (in dollars per share) $ 0              
Balance, Beginning of period at Mar. 31, 2025     0 586 2,160 26,732 (524)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Redemption of Serial Preferred Shares, Series B [1]     0          
Treasury shares purchased       0 0 (13)    
Net restricted equity awards issued/vested       0 0      
Amortization of equity-based compensation         32      
Reinvested dividends on restricted stock units         0 0    
Net income $ 3,175         3,175    
Cash dividends declared on common shares ($0.10, $0.10, $0.20, and $0.20 per share) [1]           (58)    
Cash dividends declared on Serial Preferred Shares, Series B ($0, $0, $0, and $15.688377 per share) [1]           0    
Other, net           85    
Other comprehensive income (loss) 429           429  
Balance, End of period at Jun. 30, 2025 $ 32,604   $ 0 $ 586 $ 2,192 $ 29,921 $ (95)  
Common shares, par value (USD per share) $ 1.00              
Preferred stock, shares authorized (shares)   20,000,000           5,000,000
Preferred stock, shares issued (shares)               0
[1] See Note 9 – Dividends for further discussion.