Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Changes in Shareholders' Equity

v3.22.2
Condensed Consolidated Statements of Changes in Shareholders' Equity - USD ($)
$ in Millions
Total
Common Stock
Series I Preferred Stock
Preferred Stock
Preferred Stock
Series I Preferred Stock
Common Stock
Common Stock
Common Stock
Capital Surplus
Capital Surplus
Common Stock
Capital Surplus
Series I Preferred Stock
Treasury Stock
Treasury Stock
Common Stock
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Retained Earnings
Series I Preferred Stock
Total
Total
Common Stock
Total
Series I Preferred Stock
Noncontrolling Interest
Balance, beginning of period at Dec. 31, 2020 $ 12,993     $ 2,191   $ 10   $ 8,781     $ (59)   $ 192 $ 1,878   $ 12,993     $ 0
Balance, beginning of period, common stock (in shares) at Dec. 31, 2020           1,022,258,000                          
Balance, beginning of period, treasury stock (in shares) at Dec. 31, 2020                     (5,062,000)                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net Income 517                         517   517      
Net income 517                                    
Other comprehensive (loss) income, net of tax (211)                       (211)     (211)      
Cash dividends declared:                                      
Common (380)                         (380)   (380)      
Preferred (74)                         (74) $ (3) (74)      
Net proceeds from issuance of Preferred Stock 485     485                       485      
Recognition of the fair value of share-based compensation 66             66               66      
Other share-based compensation activity (in shares)           4,185,000                          
Other share-based compensation activity (20)         $ 0   (20)           0   (20)      
Other (in shares)                     (2,994,000)                
Other (13)                   $ (9)     (2)   (11)     (2)
Issuance of common stock, acquisitions (in shares)             458,171,000                        
Issuance of common stock, acquisitions   $ 6,961 $ 185   $ 175   $ 5   $ 6,993 $ 10   $ (37)         $ 6,961 $ 185  
Non-controlling interest acquired 22                                   22
Balance, end of period at Jun. 30, 2021 20,531     2,851   $ 15   15,830     $ (105)   (19) 1,939   20,511     20
Balance, end of period, common stock (in shares) at Jun. 30, 2021           1,484,614,000                          
Balance, end of period, treasury stock (in shares) at Jun. 30, 2021                     (8,056,000)                
Balance, beginning of period at Mar. 31, 2021 13,600     2,676   $ 10   8,806     $ (59)   (56) 2,223   13,600     0
Balance, beginning of period, common stock (in shares) at Mar. 31, 2021           1,023,094,000                          
Balance, beginning of period, treasury stock (in shares) at Mar. 31, 2021                     (5,041,000)                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net Income (15)                                    
Net income (15)                         (15)   (15)      
Other comprehensive (loss) income, net of tax 37                       37     37      
Cash dividends declared:                                      
Common (224)                         (224)   (224)      
Preferred (43)                         (43) (3) (43)      
Recognition of the fair value of share-based compensation 38             38               38      
Other share-based compensation activity (in shares)           3,349,000                          
Other share-based compensation activity (17)             (17)               (17)      
Other (in shares)                     (3,015,000)                
Other (13)                   $ (9)     (2)   (11)     (2)
Issuance of common stock, acquisitions (in shares)             458,171,000                        
Issuance of common stock, acquisitions   $ 6,961 $ 185   $ 175   $ 5   $ 6,993 $ 10   $ (37)         $ 6,961 $ 185  
Non-controlling interest acquired 22                                   22
Balance, end of period at Jun. 30, 2021 20,531     2,851   $ 15   15,830     $ (105)   (19) 1,939   20,511     20
Balance, end of period, common stock (in shares) at Jun. 30, 2021           1,484,614,000                          
Balance, end of period, treasury stock (in shares) at Jun. 30, 2021                     (8,056,000)                
Balance, beginning of period at Dec. 31, 2021 $ 19,318     2,167   $ 14   15,222     $ (79)   (229) 2,202   19,297     21
Balance, beginning of period, common stock (in shares) at Dec. 31, 2021 1,437,742,172         1,444,040,000                          
Balance, beginning of period, treasury stock (in shares) at Dec. 31, 2021                     (6,298,000)                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net Income $ 999                         999   999      
Net income 1,003                                    
Other comprehensive (loss) income, net of tax (1,869)                       (1,869)     (1,869)      
Cash dividends declared:                                      
Common (454)                         (454)   (454)      
Preferred (56)                         (56) (4) (56)      
Recognition of the fair value of share-based compensation 63             63               63      
Other share-based compensation activity (in shares)           4,845,000                          
Other share-based compensation activity (24)         $ 0   (24)           0   (24)      
Other (in shares)                     (393,000)                
Other (2)             0     $ (6)   0 0   (6)     4
Balance, end of period at Jun. 30, 2022 $ 17,979     2,167   $ 14   15,261     $ (85)   (2,098) 2,691   17,950     29
Balance, end of period, common stock (in shares) at Jun. 30, 2022 1,442,194,344         1,448,885,000                          
Balance, end of period, treasury stock (in shares) at Jun. 30, 2022                     (6,691,000)                
Balance, beginning of period at Mar. 31, 2022 $ 18,481     2,167   $ 14   15,255     $ (78)   (1,314) 2,408   18,452     29
Balance, beginning of period, common stock (in shares) at Mar. 31, 2022           1,445,386,000                          
Balance, beginning of period, treasury stock (in shares) at Mar. 31, 2022                     (6,211,000)                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net Income 539                                    
Net income 541                         539   539     2
Other comprehensive (loss) income, net of tax (784)                       (784)     (784)      
Cash dividends declared:                                      
Common (228)                         (228)   (228)      
Preferred (28)                         (28) $ (2) (28)      
Recognition of the fair value of share-based compensation 23             23               23      
Other share-based compensation activity (in shares)           3,499,000                          
Other share-based compensation activity (17)             (17)               (17)      
Other (in shares)                     (480,000)                
Other (9)                   $ (7)         (7)     (2)
Balance, end of period at Jun. 30, 2022 $ 17,979     $ 2,167   $ 14   $ 15,261     $ (85)   $ (2,098) $ 2,691   $ 17,950     $ 29
Balance, end of period, common stock (in shares) at Jun. 30, 2022 1,442,194,344         1,448,885,000                          
Balance, end of period, treasury stock (in shares) at Jun. 30, 2022                     (6,691,000)