v3.25.2
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
Adoption of new accounting standard
Preferred Stock
Common Stock
Additional Paid-In Capital
Retained Earnings
Retained Earnings
Adoption of new accounting standard
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Balance at beginning of period at Dec. 31, 2023 $ 6,050 $ (1) $ 107 $ 4 $ 4,692 $ 1,669 $ (1) $ (235) $ (187)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Comprehensive income (loss) 237         245   (8)  
Dividends declared:                  
Preferred stock (2)         (2)      
Common stock (87)         (87)      
Redemption of preferred stock (111)   (107)     (4)      
Issuance of common stock (5)       (14)       9
Repurchase of common stock (3)               (3)
Restricted stock compensation 12       12        
Balance at end of period at Jun. 30, 2024 6,090   0 4 4,690 1,820   (243) (181)
Balance at beginning of period at Mar. 31, 2024 6,006     4 4,694 1,740   (250) (182)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Comprehensive income (loss) 130         123   7  
Dividends declared:                  
Common stock (43)         (43)      
Issuance of common stock (2)       (6)       4
Repurchase of common stock (3)               (3)
Restricted stock compensation 2       2        
Balance at end of period at Jun. 30, 2024 6,090   0 4 4,690 1,820   (243) (181)
Balance at beginning of period at Dec. 31, 2024 6,302   0 4 4,695 1,952   (169) (180)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Comprehensive income (loss) 324         247   77  
Dividends declared:                  
Common stock (87)         (87)      
Issuance of common stock (8)       (17)       9
Repurchase of common stock (20)               (20)
Restricted stock compensation 13       13        
Balance at end of period at Jun. 30, 2025 6,524   0 4 4,691 2,112   (92) (191)
Balance at beginning of period at Mar. 31, 2025 6,418     4 4,696 2,025   (121) (186)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Comprehensive income (loss) 159         130   29  
Dividends declared:                  
Common stock (43)         (43)      
Issuance of common stock (3)       (8)       5
Repurchase of common stock (10)               (10)
Restricted stock compensation 3       3        
Balance at end of period at Jun. 30, 2025 $ 6,524   $ 0 $ 4 $ 4,691 $ 2,112   $ (92) $ (191)