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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited) - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
[1]
Cumulative Effect, Period of Adoption, Adjusted Balance
Series H Preferred Stock
Series I Preferred Stock
Series J Preferred Stock
Series K Preferred Stock
Series L Preferred Stock
Class B, Series A Preferred Stock
Common Stock
Common Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Preferred Stock
Preferred Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Capital Surplus
Capital Surplus
Cumulative Effect, Period of Adoption, Adjusted Balance
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
[1]
Retained Earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
Retained Earnings
Series H Preferred Stock
Retained Earnings
Series I Preferred Stock
Retained Earnings
Series J Preferred Stock
Retained Earnings
Series K Preferred Stock
Retained Earnings
Series L Preferred Stock
Retained Earnings
Class B, Series A Preferred Stock
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
Cumulative Effect, Period of Adoption, Adjusted Balance
Treasury Stock
Treasury Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Beginning balance at Dec. 31, 2021 $ 22,210                 $ 2,051   $ 2,116   $ 3,624   $ 20,236                 $ 1,207   $ (7,024)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                        
Net Income 1,056                             1,056                        
Other comprehensive income (loss), net of tax (3,851)                                               (3,851)      
Cash dividends declared:                                                        
Common stock (418)                             (418)                        
Preferred stock       $ (15) $ (15) $ (6) $ (6) $ (8) $ (6)                   $ (15) $ (15) $ (6) $ (6) $ (8) $ (6)        
Impact of stock transactions under stock compensation plans, net 29                         12                         17  
Ending balance at Jun. 30, 2022 18,970                 2,051   2,116   3,636   20,818                 (2,644)   (7,007)  
Beginning balance at Dec. 31, 2021 22,210                 2,051   2,116   3,624   20,236                 1,207   (7,024)  
Ending balance at Dec. 31, 2022 $ 17,327 $ 37 $ 17,364             2,051 $ 2,051 2,116 $ 2,116 3,684 $ 3,684 21,689 $ 37 $ 21,726             (5,110) $ (5,110) (7,103) $ (7,103)
Cash dividends declared:                                                        
Accounting Standards Update [Extensible Enumeration] Accounting Standards Update 2022-02                                                      
Beginning balance at Mar. 31, 2022 $ 20,177                 2,051   2,116   3,615   20,501                 (1,096)   (7,010)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                        
Net Income 562                             562                        
Other comprehensive income (loss), net of tax (1,548)                                               (1,548)      
Cash dividends declared:                                                        
Common stock (209)                             (209)                        
Preferred stock       (15) (8) (3) (3) (4) (3)                   (15) (8) (3) (3) (4) (3)        
Impact of stock transactions under stock compensation plans, net 24                         21                         3  
Ending balance at Jun. 30, 2022 18,970                 2,051   2,116   3,636   20,818                 (2,644)   (7,007)  
Beginning balance at Dec. 31, 2022 17,327 $ 37 $ 17,364             2,051 $ 2,051 2,116 $ 2,116 3,684 $ 3,684 21,689 $ 37 $ 21,726             (5,110) $ (5,110) (7,103) $ (7,103)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                        
Net Income 1,159                             1,159                        
Other comprehensive income (loss), net of tax (56)                                               (56)      
Cash dividends declared:                                                        
Common stock (457)                             (457)                        
Preferred stock       (15) (15) (12) (6) (8) (6)                   (15) (15) (12) (6) (8) (6)        
Shares acquired for treasury (201)                                                   (201)  
Impact of stock transactions under stock compensation plans, net 62                         24                         38  
Ending balance at Jun. 30, 2023 17,809                 2,051   2,116   3,708   22,366                 (5,166)   (7,266)  
Beginning balance at Mar. 31, 2023 18,364                 2,051   2,116   3,682   22,032                 (4,245)   (7,272)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                        
Net Income 601                             601                        
Other comprehensive income (loss), net of tax (921)                                               (921)      
Cash dividends declared:                                                        
Common stock (228)                             (228)                        
Preferred stock       $ (15) $ (8) $ (6) $ (3) $ (4) $ (3)                   $ (15) $ (8) $ (6) $ (3) $ (4) $ (3)        
Impact of stock transactions under stock compensation plans, net 32                         26                         6  
Ending balance at Jun. 30, 2023 $ 17,809                 $ 2,051   $ 2,116   $ 3,708   $ 22,366                 $ (5,166)   $ (7,266)  
[1] Related to the adoption of ASU 2022-02 as of January 1, 2023. Refer to Note 3 for additional information.