v3.26.1
Condensed Consolidated Statement of Changes in Equity (unaudited) - USD ($)
$ in Millions
Total
Series B Preferred Stock
Series C Preferred Stock
Series D Preferred Stock
Common stock and paid-in capital
Preferred stock
Preferred stock
Series B Preferred Stock
Preferred stock
Series D Preferred Stock
Retained earnings (accumulated deficit)
Retained earnings (accumulated deficit)
Series B Preferred Stock
Retained earnings (accumulated deficit)
Series C Preferred Stock
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 income 127               127        
Preferred stock dividends   $ (32) $ (24)             $ (32) $ (24)    
Share-based compensation 93       93                
Other comprehensive income 705                     705  
Common stock repurchases (35)                       (35)
Common stock dividends (190)               (190)        
Ending balance at Jun. 30, 2025 14,547       22,235 2,324     151     (3,219) (6,944)
Beginning balance at Mar. 31, 2025 14,232       22,191 2,324     (78)     (3,262) (6,943)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income 352               352        
Preferred stock dividends   (16) (12)             (16) (12)    
Share-based compensation 44       44                
Other comprehensive income 43                     43  
Common stock repurchases (1)                       (1)
Common stock dividends (95)               (95)        
Ending balance at Jun. 30, 2025 14,547       22,235 2,324     151     (3,219) (6,944)
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 income 729               729        
Preferred stock dividends   (47) (24)             (47) (24)    
Preferred stock redemption — Series B   (1,335)         $ (1,335)            
Net proceeds from issuance of Series D preferred stock       $ 987       $ 987          
Share-based compensation 93       93                
Other comprehensive income 75                     75  
Common stock repurchases (295)                       (295)
Common stock dividends (190)               (190)        
Ending balance at Jun. 30, 2026 15,491       22,388 1,976     1,101     (2,711) (7,263)
Beginning balance at Mar. 31, 2026 15,609       22,346 2,324     827     (2,773) (7,115)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income 410               410        
Preferred stock dividends   (31) $ (12)             $ (31) $ (12)    
Preferred stock redemption — Series B   $ (1,335)         $ (1,335)            
Net proceeds from issuance of Series D preferred stock       $ 987       $ 987          
Share-based compensation 42       42                
Other comprehensive income 62                     62  
Common stock repurchases (148)                       (148)
Common stock dividends (93)               (93)        
Ending balance at Jun. 30, 2026 $ 15,491       $ 22,388 $ 1,976     $ 1,101     $ (2,711) $ (7,263)