Preferred Stock (Tables)

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Number of Shares Issued and Outstanding and Carrying Amount of Preferred Stock

The number of shares issued and outstanding and the carrying amount of each outstanding series of the Company’s preferred stock were as follows:

	June 30, 2021								December 31, 2020
(Dollars in Millions)	Shares Issued and Outstanding		Liquidation Preference		Discount		Carrying Amount		Shares Issued and Outstanding		Liquidation Preference		Discount		Carrying Amount
Series A		12,510	$	1,251	$	145	$	1,106		12,510	$	1,251	$	145	$	1,106
Series B		40,000		1,000		—		1,000		40,000		1,000		—		1,000
Series F		44,000		1,100		12		1,088		44,000		1,100		12		1,088
Series I		—		—		—		—		30,000		750		5		745
Series J		40,000		1,000		7		993		40,000		1,000		7		993
Series K		23,000		575		10		565		23,000		575		10		565
Series L		20,000		500		14		486		20,000		500		14		486
Series M		30,000		750		20		730		—		—		—		—
Total preferred stock (a)		209,510	$	6,176	$	208	$	5,968		209,510	$	6,176	$	193	$	5,983

(a) The par value of all shares issued and outstanding at June 30, 2021 and December 31, 2020, was $1.00 per share.