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Condensed Consolidated Statements of Shareholders’ Equity (unaudited) - USD ($)
$ in Millions
Total
Preferred Stock
Preferred stock additional capital paid-in
Common stock par value
Common stock additional capital paid-in
Retained income
Deferred ESOP expense
Treasury stock
Accumulated other comprehensive income (loss)
Balance, beginning of period at Dec. 31, 2018     $ 1,930   $ 3,310 $ 44,033   $ (28,085) $ 118
Increase (decrease) in equity                  
Preferred stock redemption     0            
Forward contract on accelerated share repurchase agreement         0        
Equity incentive plans activity         (19)        
Net income $ 1,292         1,292      
Dividends on common stock (declared per share of $0.54 and $0.50)           (167)      
Dividends on preferred stock           (31)      
Shares acquired               0  
Shares reissued under equity incentive plans, net               43  
Change in unrealized net capital gains and losses 974               974
Change in unrealized foreign currency translation adjustments 5               5
Change in unamortized pension and other postretirement prior service credit (12)               (12)
Balance, end of period at Mar. 31, 2019 $ 23,418 $ 0 1,930 $ 9 3,291 45,148 $ (3) (28,042) 1,085
Increase (decrease) in equity                  
Dividends (in USD per share) $ 0.5                
Balance, beginning of period at Dec. 31, 2019 $ 25,998   2,248   3,463 48,074   (29,746) 1,950
Increase (decrease) in equity                  
Preferred stock redemption     (278)            
Forward contract on accelerated share repurchase agreement         75        
Equity incentive plans activity         (19)        
Net income 549         549      
Dividends on common stock (declared per share of $0.54 and $0.50)           (173)      
Dividends on preferred stock           (36)      
Shares acquired               (511)  
Shares reissued under equity incentive plans, net               48  
Change in unrealized net capital gains and losses (1,357)               (1,357)
Change in unrealized foreign currency translation adjustments (39)               (39)
Change in unamortized pension and other postretirement prior service credit 4               4
Balance, end of period at Mar. 31, 2020 $ 24,173 $ 0 $ 1,970 $ 9 $ 3,519 $ 48,326 $ 0 $ (30,209) $ 558
Increase (decrease) in equity                  
Dividends (in USD per share) $ 0.54