Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Shareholders' Equity

v3.25.0.1
Consolidated Statements of Changes in Shareholders' Equity - USD ($)
$ in Millions
Total
Equity
Preferred Stock
Common Stock
Capital Surplus
Treasury Stock
AOCI
Retained Earnings
Noncontrolling Interest
Balance, beginning of year at Dec. 31, 2021 $ 19,318 $ 19,297 $ 2,167 $ 14 $ 15,222 $ (79) $ (229) $ 2,202 $ 21
Balance, beginning of year, common stock (in shares) at Dec. 31, 2021       1,444,040,000          
Balance, beginning of year, treasury stock (in shares) at Dec. 31, 2021           (6,298,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 2,249 2,238           2,238 11
Other comprehensive income (loss), net of tax (2,869) (2,869)         (2,869)    
Cash dividends declared:                  
Cash dividends declared, common stock (908) (908)           (908)  
Preferred (113) (113)           (113)  
Recognition of the fair value of share-based compensation 105 105     105        
Other share-based compensation activity (in shares)       5,350,000          
Other share-based compensation activity (19) (19)     (19)        
Other 6 0     1 $ (1)   6
Other (in shares)           (24,000)      
Balance, end of year at Dec. 31, 2022 17,769 17,731 2,167 $ 14 15,309 $ (80) (3,098) 3,419 38
Balance, end of year, common stock (in shares) at Dec. 31, 2022       1,449,390,000          
Balance, end of year, treasury stock (in shares) at Dec. 31, 2022           (6,322,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 1,971 1,951           1,951 20
Other comprehensive income (loss), net of tax 422 422         422    
Net proceeds from issuance of Series J Preferred Stock 317 317 317            
Redemption of preferred stock (82) (82) (90)         8  
Cash dividends declared:                  
Cash dividends declared, common stock (911) (911)           (911)  
Preferred (142) (142)           (142)  
Recognition of the fair value of share-based compensation 97 97     97        
Other share-based compensation activity (in shares)       6,333,000          
Other share-based compensation activity (19) (19)   $ 1 (17)     (3)  
Other (24) (11)       $ (11)     (13)
Other (in shares)           (1,081,000)      
Balance, end of year at Dec. 31, 2023 $ 19,398 19,353 2,394 $ 15 15,389 $ (91) (2,676) 4,322 45
Balance, end of year, common stock (in shares) at Dec. 31, 2023 1,448,319,953     1,455,723,000          
Balance, end of year, treasury stock (in shares) at Dec. 31, 2023 (7,403,008)         (7,403,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income $ 1,960 1,940           1,940 20
Other comprehensive income (loss), net of tax (190) (190)         (190)    
Redemption of preferred stock (410) (410) (405)         (5)  
Cash dividends declared:                  
Cash dividends declared, common stock (916) (916)           (916)  
Preferred (134) (134)           (134)  
Recognition of the fair value of share-based compensation 106 106     106        
Other share-based compensation activity (in shares)       4,897,000          
Other share-based compensation activity (16) (16)   $ 0 (13)     (3)  
Other (16) 7     2 $ 5     (23)
Other (in shares)           419,000      
Balance, end of year at Dec. 31, 2024 $ 19,782 $ 19,740 $ 1,989 $ 15 $ 15,484 $ (86) $ (2,866) $ 5,204 $ 42
Balance, end of year, common stock (in shares) at Dec. 31, 2024 1,453,635,809     1,460,620,000          
Balance, end of year, treasury stock (in shares) at Dec. 31, 2024 (6,984,102)         (6,984,000)