v3.24.4
Common and Preferred Stock (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Jun. 22, 2020
Oct. 31, 2017
Dec. 31, 2023
Dec. 31, 2023
Apr. 17, 2023
Dec. 31, 2022
Apr. 27, 2022
Class of Stock [Line Items]              
Preferred Stock, par or stated value per share     $ 0.01 $ 0.01   $ 0.01  
Series C Preferred Stock [Member]              
Class of Stock [Line Items]              
PreferredStockIssueDate [1]   Oct. 31, 2017          
PreferredStockEarliestRedemptionDate       Oct. 30, 2027      
Series D Preferred Stock [Member]              
Class of Stock [Line Items]              
PreferredStockIssueDate [1] Jun. 22, 2020            
Dividend rate reset       5 years      
Common Stock [Member]              
Class of Stock [Line Items]              
Share repurchase program, authorized amount         $ 2,700   $ 4,200
Number of shares of stock repurchased during the period (in shares)     0.0 18,100,000      
Value of stock repurchased during the period     $ 0 $ 1,900      
Preferred Stock [Member]              
Class of Stock [Line Items]              
PreferredStockDepositarySharesIssued     1,070,000 1,070,000   1,070,000  
Preferred Stock, Including Additional Paid in Capital     $ 1,056 $ 1,056   $ 1,056  
Preferred Stock [Member] | Series C Preferred Stock [Member]              
Class of Stock [Line Items]              
Preferred stock, liquidation preference per share [1],[2],[3]     $ 1,000 $ 1,000      
Preferred stock, redemption price per share [1],[2],[3]     $ 1,000 $ 1,000      
Preferred stock, dividend rate [1],[4]       5.50%      
PreferredStockDepositarySharesIssued     570,000 570,000   570,000  
Preferred Stock, Including Additional Paid in Capital [1]     $ 563 $ 563   $ 563  
Depositary shares represented by one preferred stock share     100 100      
Preferred Stock, par or stated value per share     $ 0.01 $ 0.01      
Redemption period of preferred stock following regulatory capital event       90 days      
Preferred Stock Dividend Payment Rate Variable, Rate To Be Used in Future Periods       300.00%      
Preferred Stock [Member] | Series C Preferred Stock [Member] | Three-Month Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate              
Class of Stock [Line Items]              
Preferred Stock Dividend Payment Rate Variable, Rate To Be Used in Future Periods       3.338%      
Preferred Stock [Member] | Series D Preferred Stock [Member]              
Class of Stock [Line Items]              
Preferred stock, liquidation preference per share [1],[3],[5]     1,000 $ 1,000      
Preferred stock, redemption price per share [1],[3],[5]     $ 1,000 $ 1,000      
Preferred stock, dividend rate [1],[6]       6.125%      
PreferredStockDepositarySharesIssued     500,000 500,000   500,000  
Preferred Stock, Including Additional Paid in Capital [1]     $ 493 $ 493   $ 493  
Depositary shares represented by one preferred stock share 100            
Preferred Stock, par or stated value per share     $ 0.01 $ 0.01      
Redemption period of preferred stock following regulatory capital event       90 days      
Preferred Stock Dividend Payment Rate Variable, Rate To Be Used in Future Periods       5.00%      
Preferred Stock [Member] | Series D Preferred Stock [Member] | Five-Year Treasury Rate [Member]              
Class of Stock [Line Items]              
Preferred Stock Dividend Payment Rate Variable, Rate To Be Used in Future Periods       5.783%      
[1] Issued as depositary shares, each representing 1/100th interest in a share of the corresponding series of preferred stock. Each preferred share has a par value of $0.01.
[2] Redeemable at the Company’s option, subject to regulatory approval, either (i) in whole or in part on any dividend payment date on or after October 30, 2027, or (ii) in whole but not in part, at any time within 90 days following a regulatory capital treatment event (as defined in the certificate of designations for the Series C preferred stock).
[3] Redeemable at the redemption price plus declared and unpaid dividends.
[4] Any dividends declared are payable semi-annually in arrears at a rate of 5.50% per annum until October 30, 2027. Thereafter, dividends declared will be payable quarterly in arrears at a floating rate equal to 3-month Term SOFR plus a spread of 3.338% per annum.
[5] Redeemable at the Company’s option, subject to regulatory approval, either (i) in whole or in part during the three-month period prior to, and including, each reset date (as defined in the certificate of designations for the Series D preferred stock) or (ii) in whole but not in part, at any time within 90 days following a regulatory capital treatment event (as defined in the certificate of designations for the Series D Preferred Stock).
[6] Any dividends declared are payable semi-annually in arrears at a rate of 6.125% per annum until September 23, 2025, after which the dividend rate will reset every 5 years to a fixed annual rate equal to the 5-year Treasury plus a spread of 5.783%.