v3.26.1
Condensed Consolidated Statement of Changes in Equity (unaudited) - USD ($)
$ in Millions
Total
Preferred stock dividends — Series B
Preferred stock dividends — Series C
Common stock and paid-in capital
Preferred stock
Retained earnings (accumulated deficit)
Retained earnings (accumulated deficit)
Preferred stock dividends — Series B
Retained earnings (accumulated deficit)
Preferred stock dividends — Series C
Accumulated other comprehensive loss
Treasury stock
Beginning balance at Dec. 31, 2024 $ 13,903     $ 22,142 $ 2,324 $ 270     $ (3,924) $ (6,909)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net (loss) income (225)         (225)        
Preferred stock dividends   $ (16) $ (12)       $ (16) $ (12)    
Share-based compensation 49     49            
Other comprehensive income 662               662  
Common stock repurchases (34)                 (34)
Common stock dividends (95)         (95)        
Ending balance at Mar. 31, 2025 14,232     22,191 2,324 (78)     (3,262) (6,943)
Beginning balance at Dec. 31, 2025 15,498     22,295 2,324 633     (2,786) (6,968)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net (loss) income 319         319        
Preferred stock dividends   $ (16) $ (12)       $ (16) $ (12)    
Share-based compensation 51     51            
Other comprehensive income 13               13  
Common stock repurchases (147)                 (147)
Common stock dividends (97)         (97)        
Ending balance at Mar. 31, 2026 $ 15,609     $ 22,346 $ 2,324 $ 827     $ (2,773) $ (7,115)