v3.26.1
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Preferred Stock
Common Stock
Surplus
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
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     503,880,000        
Treasury stock, beginning balance (in shares) at Dec. 31, 2024             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     503,880,000        
Treasury stock, beginning balance (in shares) at Dec. 31, 2024             215,113,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 1,337            
Other comprehensive income (loss) 779            
Cash dividends declared:              
Preferred stock dividends (109)            
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
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
Beginning balance at Dec. 31, 2025 $ 27,841 3,559 $ 504 10,705 31,392 (1,043) $ (17,276)
Beginning balance (shares) at Dec. 31, 2025 503,879,642   503,880,000        
Treasury stock, beginning balance (in shares) at Dec. 31, 2025 224,801,735           224,802,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income $ 764       764    
Other comprehensive income (loss) (239)         (239)  
Cash dividends declared:              
Common stock dividends (233)       (233)    
Preferred stock dividends (58)       (58)    
Common stock acquired (404)           $ (404)
Common stock acquired (shares)             3,176,000
Common stock awards exercised 71     (4)     $ 75
Common stock awards exercised (in shares)             (1,022,000)
Other 0       (1)   $ 1
Other (shares)             (1,000)
Ending balance at Mar. 31, 2026 27,742 3,559 $ 504 10,701 31,864 (1,282) $ (17,604)
Ending balance (shares) at Mar. 31, 2026     503,880,000        
Treasury stock, ending balance (in shares) at Mar. 31, 2026             226,955,000
Beginning balance at Dec. 31, 2025 $ 27,841 3,559 $ 504 10,705 31,392 (1,043) $ (17,276)
Beginning balance (shares) at Dec. 31, 2025 503,879,642   503,880,000        
Treasury stock, beginning balance (in shares) at Dec. 31, 2025 224,801,735           224,802,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income $ 1,848            
Other comprehensive income (loss) (135)            
Cash dividends declared:              
Preferred stock dividends (116)            
Ending balance at Jun. 30, 2026 $ 28,268 3,559 $ 504 10,710 32,660 (1,178) $ (17,987)
Ending balance (shares) at Jun. 30, 2026 503,879,642   503,880,000        
Treasury stock, ending balance (in shares) at Jun. 30, 2026 229,177,092           229,177,000
Beginning balance at Mar. 31, 2026 $ 27,742 3,559 $ 504 10,701 31,864 (1,282) $ (17,604)
Beginning balance (shares) at Mar. 31, 2026     503,880,000        
Treasury stock, beginning balance (in shares) at Mar. 31, 2026             226,955,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 1,084       1,084    
Other comprehensive income (loss) 104         104  
Cash dividends declared:              
Common stock dividends (231)       (231)    
Preferred stock dividends (58)       (58)    
Common stock acquired (404)           $ (404)
Common stock acquired (shares)             2,506,000
Common stock awards exercised 30     9     $ 21
Common stock awards exercised (in shares)             (284,000)
Other 1       1    
Ending balance at Jun. 30, 2026 $ 28,268 $ 3,559 $ 504 $ 10,710 $ 32,660 $ (1,178) $ (17,987)
Ending balance (shares) at Jun. 30, 2026 503,879,642   503,880,000        
Treasury stock, ending balance (in shares) at Jun. 30, 2026 229,177,092           229,177,000