v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited) - USD ($)
$ in Millions
Total
Series H Preferred Stock
Series I Preferred Stock
Series J Preferred Stock
Series K Preferred Stock
Series L Preferred Stock
Class B, Series A Preferred Stock
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock
Common Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Preferred Stock
Preferred Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Capital Surplus
Capital Surplus
Cumulative Effect, Period of Adoption, Adjusted Balance
Retained Earnings
Retained Earnings
Series H Preferred Stock
Retained Earnings
Series I Preferred Stock
Retained Earnings
Series J Preferred Stock
Retained Earnings
Series K Preferred Stock
Retained Earnings
Series L Preferred Stock
Retained Earnings
Class B, Series A Preferred Stock
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
Cumulative Effect, Period of Adoption, Adjusted Balance
Treasury Stock
Treasury Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Beginning balance at Dec. 31, 2023 $ 19,172             $ (10) $ 19,162 $ 2,051 $ 2,051 $ 2,116 $ 2,116 $ 3,757 $ 3,757 $ 22,997             $ (10) $ 22,987 $ (4,487) $ (4,487) $ (7,262) $ (7,262)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                        
Net income 1,122                             1,122                        
Other comprehensive income (loss), net of tax (414)                                               (414)      
Cash dividends declared:                                                        
Common stock (486)                             (486)                        
Preferred stock   $ (27) $ (21) $ (13) $ (6) $ (8) $ (6)                   $ (27) $ (21) $ (13) $ (6) $ (8) $ (6)            
Shares acquired for treasury (125)                                                   (125)  
Impact of stock transactions under stock compensation plans, net 48                         7                         41  
Ending balance at Jun. 30, 2024 19,226                 2,051   2,116   3,764   23,542                 (4,901)   (7,346)  
Beginning balance at Mar. 31, 2024 19,018                 2,051   2,116   3,742   23,224                 (4,888)   (7,227)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                        
Net income 601                             601                        
Other comprehensive income (loss), net of tax (13)                                               (13)      
Cash dividends declared:                                                        
Common stock (243)                             (243)                        
Preferred stock   (13) (11) (6) (3) (4) (3)                   (13) (11) (6) (3) (4) (3)            
Shares acquired for treasury (125)                                                   (125)  
Impact of stock transactions under stock compensation plans, net 28                         22                         6  
Ending balance at Jun. 30, 2024 19,226                 2,051   2,116   3,764   23,542                 (4,901)   (7,346)  
Beginning balance at Dec. 31, 2024 19,645                 2,051   2,116   3,804   24,150                 (4,636)   (7,840)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                        
Net income 1,142                             1,142                        
Other comprehensive income (loss), net of tax 1,090                                               1,090      
Cash dividends declared:                                                        
Common stock (501)                             (501)                        
Preferred stock   (23) (19) (11) (6) (8) (6)                   (23) (19) (11) (6) (8) (6)            
Shares acquired for treasury (226)                                                   (226)  
Impact of stock transactions under stock compensation plans, net 47                         (10)                         57  
Ending balance at Jun. 30, 2025 21,124                 2,051   2,116   3,794   24,718                 (3,546)   (8,009)  
Beginning balance at Mar. 31, 2025 20,403                 2,051   2,116   3,773   24,377                 (3,895)   (8,019)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                        
Net income 628                             628                        
Other comprehensive income (loss), net of tax 349                                               349      
Cash dividends declared:                                                        
Common stock (250)                             (250)                        
Preferred stock   $ (12) $ (9) $ (6) $ (3) $ (4) $ (3)                   $ (12) $ (9) $ (6) $ (3) $ (4) $ (3)            
Impact of stock transactions under stock compensation plans, net 31                         21                         10  
Ending balance at Jun. 30, 2025 $ 21,124                 $ 2,051   $ 2,116   $ 3,794   $ 24,718                 $ (3,546)   $ (8,009)