| Schedule of preferred stock |
The following table summarizes the Company’s preferred stock: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | (dollars in millions, except per share data) | Liquidation value per share | | Preferred Shares | | Carrying Amount | | Preferred Shares | | Carrying Amount | Authorized ($25 par value per share) | | | 100,000,000 | | | | | 100,000,000 | | | | | Issued and outstanding: | | | | | | | | | | | Series B | $1,000 | | | 300,000 | | | $296 | | | 300,000 | | | $296 | | | Series C | 1,000 | | | 300,000 | | | 297 | | | 300,000 | | | 297 | | | Series E | 1,000 | | (1) | 450,000 | | (2) | 437 | | | 450,000 | | | 437 | | | Series G | 1,000 | | | 300,000 | | | 296 | | | 300,000 | | | 296 | | Series H | 1,000 | | (1) | 400,000 | | (3) | 392 | | | 400,000 | | | 392 | | Series I | 1,000 | | (1) | 400,000 | | (4) | 393 | | | 400,000 | | | 393 | | | Total | | | 2,150,000 | | | $2,111 | | | 2,150,000 | | | $2,111 | |
(1) Equivalent to $25 per depositary share. (2) Represented by 18,000,000 depositary shares each representing a 1/40th interest in the Series E Preferred Stock. (3) Represented by 16,000,000 depositary shares each representing a 1/40th interest in the Series H Preferred Stock. (4) Represented by 16,000,000 depositary shares each representing a 1/40th interest in the Series I Preferred Stock.
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| Schedule of dividends |
The following tables summarize the Company’s common and preferred stock dividend activity: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2026 | | Three Months Ended June 30, 2025 | | (dollars in millions, except per share data) | | Dividends Declared per Share | Dividends Declared | Dividends Paid | | Dividends Declared per Share | Dividends Declared | Dividends Paid | | Common stock | | $0.46 | | $198 | | $198 | | | $0.42 | | $185 | | $185 | | | Preferred stock | | | | | | | | | | Series B | | $17.54 | | $5 | | $5 | | | $19.08 | | $6 | | $6 | | | Series C | | 17.94 | | 6 | | 5 | | | 19.47 | | 6 | | 6 | | | Series E | | 12.50 | | 5 | | 5 | | | 12.50 | | 6 | | 5 | | | Series F | | — | | — | | — | | | 14.12 | | 5 | | 5 | | | Series G | | 10.00 | | 3 | | 3 | | | 10.00 | | 3 | | 3 | | | Series H | | 18.44 | | 8 | | 8 | | | 18.44 | | 8 | | 8 | | Series I | | 16.25 | | 6 | | 7 | | | — | | — | | — | | | Total preferred stock | | | $33 | | $33 | | | | $34 | | $33 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | | Six Months Ended June 30, 2025 | | (dollars in millions, except per share data) | | Dividends Declared per Share | Dividends Declared | Dividends Paid | | Dividends Declared per Share | Dividends Declared | Dividends Paid | | Common stock | | $0.92 | | $396 | | $396 | | | $0.84 | | $371 | | $371 | | | Preferred stock | | | | | | | | | | Series B | | $34.83 | | $10 | | $10 | | | $38.19 | | $12 | | $12 | | | Series C | | 35.61 | | 11 | | 11 | | | 38.97 | | 12 | | 12 | | | Series E | | 25.00 | | 11 | | 11 | | | 25.00 | | 11 | | 11 | | | Series F | | — | | — | | — | | | 28.25 | | 11 | | 11 | | | Series G | | 20.00 | | 6 | | 6 | | | 20.00 | | 6 | | 6 | | | Series H | | 36.88 | | 15 | | 15 | | | 36.88 | | 15 | | 15 | | Series I | | 32.50 | | 13 | | 18 | | | — | | — | | — | | | Total preferred stock | | | $66 | | $71 | | | | $67 | | $67 | |
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