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Stockholders' Equity
 9 Months Ended
Sep. 30, 2025
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Stockholders’ Equity
Common and Nonvoting Common Stock

On February 12, 2025, TD Group US Holdings LLC, an affiliate of TD Bank, completed a secondary public offering of the Company’s common shares through which TD Group US Holdings LLC sold 133.8 million shares of the Company’s common stock and 31.7 million shares of the Company’s nonvoting common stock, which automatically converted into common stock. The offering was completed at a price of $79.25 per share, for an aggregate amount of $13.1 billion. The Company did not receive any of the proceeds from this sale.

Concurrent with the completion of the secondary offering, and pursuant to a repurchase agreement dated February 9, 2025, the Company repurchased directly from TD Group US Holdings LLC its remaining 19.2 million shares of nonvoting common stock at a price of $77.982 per share for an aggregate repurchase amount of $1.5 billion, which settled on February 12, 2025. The shares of nonvoting common stock automatically converted into common stock upon repurchase and are now held in treasury stock, reducing the number of shares outstanding. These shares were purchased under CSC’s $15.0 billion share repurchase authorization.

Through the completion of the secondary offering and the Company’s repurchase of nonvoting common stock, TD Bank disposed of all of its common shares of CSC and as of February 12, 2025, the Company had no remaining nonvoting common stock outstanding.

CSC repurchased an additional 3.9 million shares of its common stock for $351 million during the three months ended June 30, 2025. These shares were purchased under CSC’s $15.0 billion share repurchase authorization. On July 24, 2025, CSC publicly announced that its Board of Directors terminated the $15.0 billion share repurchase authorization and replaced it with a new authorization to repurchase up to $20.0 billion of common stock. The new share repurchase authorization does not have an expiration date. During the three months ended September 30, 2025, CSC repurchased 28.9 million shares of its common stock under the new authorization for $2.7 billion. As of September 30, 2025 approximately $17.3 billion remained on the new authorization.
There were no repurchases of CSC’s common stock during the three and nine months ended September 30, 2024.

Common stock repurchases, net of issuances, are subject to a nondeductible excise tax which is recognized as a direct and incremental cost associated with these transactions. The tax is recorded as part of the cost basis of the treasury stock repurchased, resulting in no impact to the condensed consolidated statements of income.

Preferred Stock

On June 2, 2025, the Company redeemed all of the 24,580 outstanding shares of its fixed-rate reset non-cumulative perpetual preferred stock, Series G, and the corresponding 2,457,964 depositary shares, each representing a 1/100th interest in a share of the Series G preferred stock. The depositary shares were redeemed at a redemption price of $1,000 per depositary share for a total of $2.5 billion. The difference between the total redemption price and the prior carrying value of the Series G preferred stock resulted in a $30 million deemed dividend that was included in the calculation of EPS.

There were no redemptions of CSC’s preferred stock during the three and nine months ended September 30, 2024.

The Company’s preferred stock issued and outstanding is as follows:
Liquidation Preference Per ShareDividend Rate in Effect at September 30, 2025Earliest Redemption DateDate at Which Dividend Rate Resets or Becomes Floating
Reset / Floating-Rate
Margin Over Reset / Floating-Rate
Shares Issued and Outstanding (in ones) atCarrying Value at
September 30, 2025 (1)
December 31, 2024 (1)
September 30, 2025December 31, 2024Issue Date
Fixed-rate:
Series D750,000 750,000 $1,000 $728 $728 03/07/165.95%06/01/21N/AN/AN/A
Series J600,000 600,000 1,000 584 584 03/30/214.450%06/01/26N/AN/AN/A
Fixed-to-floating rate/Fixed-rate reset:
Series F4,884 4,884 100,000 481 481 10/31/175.000%12/01/2712/01/27
3M LIBOR (5)
2.575%
Series G (2)
— 24,580 — — 2,428 04/30/20— —— —— 
Series H (3)
22,267 22,267 100,000 2,200 2,200 12/11/204.000%12/01/3012/01/30
10-Year Treasury
3.079%
Series I (4)
20,554 20,554 100,000 2,030 2,030 03/18/214.000%06/01/2606/01/26
5-Year Treasury
3.168%
Series K (4)
7,500 7,500 100,000 740 740 03/04/225.000%06/01/2706/01/27
5-Year Treasury
3.256%
Total preferred
   stock		1,405,205 1,429,785 $6,763 $9,191  
(1) Represented by depositary shares.
(2) Series G was redeemed on June 2, 2025.
(3) The dividend rate for Series H resets on each ten-year anniversary from the first reset date.
(4) The dividend rate for Series I and Series K resets on each five-year anniversary from the first reset date.
(5) The reset/floating-rate for Series F will be determined by the calculation agent prior to the commencement of the floating-rate period using what the calculation agent determines to be the industry-accepted substitute or successor base rate to LIBOR.
N/A Not applicable.

Dividends declared on the Company’s preferred stock are as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Total
Declared		Per Share
Amount		Total
Declared		Per Share
Amount		Total
Declared		Per Share
Amount		Total
Declared		Per Share
Amount
Series D (1)
$11.2 $14.88 $11.2 $14.88 $33.5 $44.64 $33.5 $44.64 
Series F (2)
— — — — 12.2 2,500.00 12.2 2,500.00 
Series G (3)
— — 33.0 1,343.75 66.0 2,687.50 99.0 4,031.25 
Series H (1)
22.2 1,000.00 22.2 1,000.00 66.7 3,000.00 66.7 3,000.00 
Series I (1)
20.6 1,000.00 20.6 1,000.00 61.8 3,000.00 61.8 3,000.00 
Series J (1)
6.7 11.13 6.7 11.13 20.1 33.39 20.1 33.39 
Series K (1)
9.3 1,250.00 9.3 1,250.00 28.1 3,750.00 28.1 3,750.00 
Total$70.0 $103.0 $288.4 $321.4 
(1) Dividends paid quarterly.
(2) Dividends paid semi-annually until December 1, 2027 and quarterly thereafter.
(3) Series G was redeemed on June 2, 2025. Prior to redemption, dividends were paid quarterly. The final dividend was paid on June 2, 2025.