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Consolidated Statements of Shareholders’ Equity - USD ($)
$ in Millions
Total
Preferred stock par value
Preferred stock additional capital paid-in
Common stock par value
Common stock additional capital paid-in
Retained income
Retained income
Cumulative effect of change in accounting principle
Deferred Employee Stock Ownership Plan (“ESOP”) expense
Treasury stock
Accumulated other comprehensive income (loss)
Accumulated other comprehensive income (loss)
Cumulative effect of change in accounting principle
Balance, beginning of year at Dec. 31, 2017     $ 1,746   $ 3,313 $ 41,579 $ 1,088 $ (3) $ (25,982) $ 1,889 $ (910)
Increase (decrease) in equity [Roll forward]                      
Preferred stock issuance, net of issuance costs     557                
Preferred stock redemption     (373)                
Forward contract on accelerated share repurchase agreement         (105)            
Equity incentive plans activity         102            
Net income $ 2,160         2,160          
Dividends on common stock (declared per share of $2.16, $2.00 and $1.84)           (646)          
Dividends on preferred stock           (148)          
Payments 0                    
Shares acquired                 (2,198)    
Shares reissued under equity incentive plans, net                 95    
Change in unrealized net capital gains and losses (754)                 (754)  
Change in unrealized foreign currency translation adjustments (48)                 (48)  
Change in unamortized pension and other postretirement prior service credit (59)                 (59)  
Balance, end of year at Dec. 31, 2018 21,312 $ 0 1,930 $ 9 3,310 44,033 21 (3) (28,085) 118 0
Increase (decrease) in equity [Roll forward]                      
Preferred stock issuance, net of issuance costs     1,414                
Preferred stock redemption     (1,096)                
Forward contract on accelerated share repurchase agreement         75            
Equity incentive plans activity         78            
Net income 4,847         4,847          
Dividends on common stock (declared per share of $2.16, $2.00 and $1.84)           (658)          
Dividends on preferred stock           (169)          
Payments 3                    
Shares acquired                 (1,810)    
Shares reissued under equity incentive plans, net                 149    
Change in unrealized net capital gains and losses 1,889                 1,889  
Change in unrealized foreign currency translation adjustments (10)                 (10)  
Change in unamortized pension and other postretirement prior service credit (47)                 (47)  
Balance, end of year at Dec. 31, 2019 25,998 0 2,248 9 3,463 48,074 $ (88) 0 (29,746) 1,950 $ 0
Increase (decrease) in equity [Roll forward]                      
Preferred stock issuance, net of issuance costs     0                
Preferred stock redemption     (278)                
Forward contract on accelerated share repurchase agreement         (38)            
Equity incentive plans activity         73            
Net income 5,576         5,576          
Dividends on common stock (declared per share of $2.16, $2.00 and $1.84)           (680)          
Dividends on preferred stock           (115)          
Payments 0                    
Shares acquired                 (1,700)    
Shares reissued under equity incentive plans, net                 115    
Change in unrealized net capital gains and losses 1,293                 1,293  
Change in unrealized foreign currency translation adjustments 52                 52  
Change in unamortized pension and other postretirement prior service credit 9                 9  
Balance, end of year at Dec. 31, 2020 $ 30,217 $ 0 $ 1,970 $ 9 $ 3,498 $ 52,767   $ 0 $ (31,331) $ 3,304