v3.25.3
Consolidated Statement of Changes in Shareholders' Equity - USD ($)
$ in Millions
Total
Preferred Stock
Common Stock
Surplus
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Beginning balance at Dec. 31, 2023 $ 23,799 $ 1,976 $ 504 $ 10,741 $ 27,957 $ (2,354) $ (15,025)
Beginning balance (shares) at Dec. 31, 2023     503,880,000        
Treasury stock, beginning balance (in shares) at Dec. 31, 2023             201,936,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 463       (463)    
Other comprehensive income (loss) (15)         (15)  
Preferred stock issued 1,481 1,481          
Preferred stock redeemed (1,000) (989)     (11)    
Cash dividends declared:              
Common stock dividends (208)       (208)    
Preferred stock dividends (34)       (34)    
Common stock acquired (100)           $ (100)
Common stock acquired (shares)             1,365,000
Common stock awards exercised 49     (17)     $ 66
Common stock awards exercised (in shares)             (926,000)
Other (2)       (1)   $ (1)
Ending balance at Mar. 31, 2024 24,433 2,468 $ 504 10,724 28,166 (2,369) $ (15,060)
Ending balance (shares) at Mar. 31, 2024     503,880,000        
Treasury stock, ending balance (in shares) at Mar. 31, 2024             202,375,000
Beginning balance at Dec. 31, 2023 23,799 1,976 $ 504 10,741 27,957 (2,354) $ (15,025)
Beginning balance (shares) at Dec. 31, 2023     503,880,000        
Treasury stock, beginning balance (in shares) at Dec. 31, 2023             201,936,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 1,904            
Other comprehensive income (loss) 729            
Cash dividends declared:              
Preferred stock dividends (131)            
Ending balance at Sep. 30, 2024 25,828 2,816 $ 504 10,723 29,073 (1,625) $ (15,663)
Ending balance (shares) at Sep. 30, 2024     503,880,000        
Treasury stock, ending balance (in shares) at Sep. 30, 2024             209,689,000
Beginning balance at Mar. 31, 2024 24,433 2,468 $ 504 10,724 28,166 (2,369) $ (15,060)
Beginning balance (shares) at Mar. 31, 2024     503,880,000        
Treasury stock, beginning balance (in shares) at Mar. 31, 2024             202,375,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 711       711    
Other comprehensive income (loss) 55         55  
Cash dividends declared:              
Common stock dividends (207)       (207)    
Preferred stock dividends (55)       (55)    
Common stock acquired (200)           $ (200)
Common stock acquired (shares)             2,684,000
Common stock awards exercised 26     (3)     $ 29
Common stock awards exercised (in shares)             (412,000)
Other (1)           $ (1)
Other (shares)             2,000
Ending balance at Jun. 30, 2024 24,762 2,468 $ 504 10,721 28,615 (2,314) $ (15,232)
Ending balance (shares) at Jun. 30, 2024     503,880,000        
Treasury stock, ending balance (in shares) at Jun. 30, 2024             204,649,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 730       730    
Other comprehensive income (loss) 689         689  
Preferred stock issued 842 842          
Preferred stock redeemed (500) (494)     (6)    
Cash dividends declared:              
Common stock dividends (224)       (224)    
Preferred stock dividends (42)       (42)    
Common stock acquired (450)           $ (450)
Common stock acquired (shares)             5,357,000
Common stock awards exercised 25     2     $ 23
Common stock awards exercised (in shares)             (317,000)
Other (4)           $ (4)
Ending balance at Sep. 30, 2024 25,828 2,816 $ 504 10,723 29,073 (1,625) $ (15,663)
Ending balance (shares) at Sep. 30, 2024     503,880,000        
Treasury stock, ending balance (in shares) at Sep. 30, 2024             209,689,000
Beginning balance at Dec. 31, 2024 $ 25,326 2,816 $ 504 10,722 29,582 (2,100) $ (16,198)
Beginning balance (shares) at Dec. 31, 2024 503,879,642   503,880,000        
Treasury stock, beginning balance (in shares) at Dec. 31, 2024 215,113,190           215,113,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income $ 644       644    
Other comprehensive income (loss) 308         308  
Preferred stock issued 743 743          
Cash dividends declared:              
Common stock dividends (220)       (220)    
Preferred stock dividends (46)       (46)    
Common stock acquired (100)           $ (100)
Common stock acquired (shares)             1,004,000
Common stock awards exercised 37     (29)     $ 66
Common stock awards exercised (in shares)             (905,000)
Other 0       (1)   $ 1
Other (shares)             (9,000)
Ending balance at Mar. 31, 2025 26,692 3,559 $ 504 10,693 29,959 (1,792) $ (16,231)
Ending balance (shares) at Mar. 31, 2025     503,880,000        
Treasury stock, ending balance (in shares) at Mar. 31, 2025             215,203,000
Beginning balance at Dec. 31, 2024 $ 25,326 2,816 $ 504 10,722 29,582 (2,100) $ (16,198)
Beginning balance (shares) at Dec. 31, 2024 503,879,642   503,880,000        
Treasury stock, beginning balance (in shares) at Dec. 31, 2024 215,113,190           215,113,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income $ 2,198            
Other comprehensive income (loss) 928            
Cash dividends declared:              
Preferred stock dividends (167)            
Ending balance at Sep. 30, 2025 $ 27,642 3,559 $ 504 10,704 30,938 (1,172) $ (16,891)
Ending balance (shares) at Sep. 30, 2025 503,879,642   503,880,000        
Treasury stock, ending balance (in shares) at Sep. 30, 2025 221,661,823           221,662,000
Beginning balance at Mar. 31, 2025 $ 26,692 3,559 $ 504 10,693 29,959 (1,792) $ (16,231)
Beginning balance (shares) at Mar. 31, 2025     503,880,000        
Treasury stock, beginning balance (in shares) at Mar. 31, 2025             215,203,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 693       693    
Other comprehensive income (loss) 471         471  
Cash dividends declared:              
Common stock dividends (217)       (217)    
Preferred stock dividends (63)       (63)    
Common stock acquired (303)           $ (303)
Common stock acquired (shares)             3,497,000
Common stock awards exercised 32     5     $ 27
Common stock awards exercised (in shares)             (384,000)
Other 2       1   $ 1
Other (shares)             2,000
Ending balance at Jun. 30, 2025 27,307 3,559 $ 504 10,698 30,373 (1,321) $ (16,506)
Ending balance (shares) at Jun. 30, 2025     503,880,000        
Treasury stock, ending balance (in shares) at Jun. 30, 2025             218,318,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 861       861    
Other comprehensive income (loss) 149         149  
Cash dividends declared:              
Common stock dividends (237)       (237)    
Preferred stock dividends (58)       (58)    
Common stock acquired (404)           $ (404)
Common stock acquired (shares)             3,625,000
Common stock awards exercised 26     6     $ 20
Common stock awards exercised (in shares)             (281,000)
Other (2)       (1)   $ (1)
Ending balance at Sep. 30, 2025 $ 27,642 $ 3,559 $ 504 $ 10,704 $ 30,938 $ (1,172) $ (16,891)
Ending balance (shares) at Sep. 30, 2025 503,879,642   503,880,000        
Treasury stock, ending balance (in shares) at Sep. 30, 2025 221,661,823           221,662,000