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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         150        
Equity incentive plans activity         17        
Net income $ 2,143         2,143      
Dividends on common stock (declared per share of $0.54, $0.50, $1.08 and $1.00)           (333)      
Dividends on preferred stock           (61)      
Shares acquired               (498)  
Shares reissued under equity incentive plans, net               83  
Change in unrealized net capital gains and losses 1,656               1,656
Change in unrealized foreign currency translation adjustments 9               9
Change in unamortized pension and other postretirement prior service credit (23)               (23)
Balance, end of period at Jun. 30, 2019 $ 24,476 $ 0 1,930 $ 9 3,477 45,803 $ (3) (28,500) 1,760
Increase (decrease) in equity                  
Dividends (in USD per share) $ 1                
Balance, beginning of period at Mar. 31, 2019     1,930   3,291 45,148   (28,042) 1,085
Increase (decrease) in equity                  
Preferred stock redemption     0            
Forward contract on accelerated share repurchase agreement         150        
Equity incentive plans activity         36        
Net income $ 851         851      
Dividends on common stock (declared per share of $0.54, $0.50, $1.08 and $1.00)           (166)      
Dividends on preferred stock           (30)      
Shares acquired               (498)  
Shares reissued under equity incentive plans, net               40  
Change in unrealized net capital gains and losses 682               682
Change in unrealized foreign currency translation adjustments 4               4
Change in unamortized pension and other postretirement prior service credit (11)               (11)
Balance, end of period at Jun. 30, 2019 $ 24,476 0 1,930 9 3,477 45,803 (3) (28,500) 1,760
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         3        
Net income 1,799         1,799      
Dividends on common stock (declared per share of $0.54, $0.50, $1.08 and $1.00)           (343)      
Dividends on preferred stock           (62)      
Shares acquired               (902)  
Shares reissued under equity incentive plans, net               106  
Change in unrealized net capital gains and losses 715               715
Change in unrealized foreign currency translation adjustments (30)               (30)
Change in unamortized pension and other postretirement prior service credit (7)               (7)
Balance, end of period at Jun. 30, 2020 $ 26,986 0 1,970 9 3,541 49,380 0 (30,542) 2,628
Increase (decrease) in equity                  
Dividends (in USD per share) $ 1.08                
Balance, beginning of period at Mar. 31, 2020     1,970   3,519 48,326   (30,209) 558
Increase (decrease) in equity                  
Preferred stock redemption     0            
Forward contract on accelerated share repurchase agreement         0        
Equity incentive plans activity         22        
Net income $ 1,250         1,250      
Dividends on common stock (declared per share of $0.54, $0.50, $1.08 and $1.00)           (170)      
Dividends on preferred stock           (26)      
Shares acquired               (391)  
Shares reissued under equity incentive plans, net               58  
Change in unrealized net capital gains and losses 2,072               2,072
Change in unrealized foreign currency translation adjustments 9               9
Change in unamortized pension and other postretirement prior service credit (11)               (11)
Balance, end of period at Jun. 30, 2020 $ 26,986 $ 0 $ 1,970 $ 9 $ 3,541 $ 49,380 $ 0 $ (30,542) $ 2,628
Increase (decrease) in equity                  
Dividends (in USD per share) $ 0.54