v3.26.1
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Total common equity
Preferred stock
Common stock
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Balance at beginning of period at Dec. 31, 2024     $ 265 $ 0 $ 12,727 $ 1,269 $ (1,772)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Employee benefit plans         (9)    
Net income $ 449         449  
Cash dividends declared on preferred stock           (8)  
Cash dividends declared on common stock           (1,000)  
Other comprehensive income (loss), net of tax 89           89
Balance at end of period at Jun. 30, 2025 12,010 $ 11,745 265 0 12,718 710 (1,683)
Balance at beginning of period at Mar. 31, 2025     265 0 12,720 1,470 (1,659)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Employee benefit plans         (2)    
Net income 248         248  
Cash dividends declared on preferred stock           (8)  
Cash dividends declared on common stock           (1,000)  
Other comprehensive income (loss), net of tax (24)           (24)
Balance at end of period at Jun. 30, 2025 12,010 11,745 265 0 12,718 710 (1,683)
Balance at beginning of period at Dec. 31, 2025 12,439   265 0 12,701 852 (1,379)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Employee benefit plans         (16)    
Net income 681         681  
Cash dividends declared on preferred stock           (8)  
Cash dividends declared on common stock           (300)  
Other comprehensive income (loss), net of tax (39)           (39)
Balance at end of period at Jun. 30, 2026 12,757 12,492 265 0 12,685 1,225 (1,418)
Balance at beginning of period at Mar. 31, 2026     265 0 12,687 1,143 (1,444)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Employee benefit plans         (2)    
Net income 390         390  
Cash dividends declared on preferred stock           (8)  
Cash dividends declared on common stock           (300)  
Other comprehensive income (loss), net of tax 26           26
Balance at end of period at Jun. 30, 2026 $ 12,757 $ 12,492 $ 265 $ 0 $ 12,685 $ 1,225 $ (1,418)