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Equity (Tables)
12 Months Ended
Dec. 31, 2023
Stockholders' Equity Note [Abstract]  
Schedule of Common Stock Outstanding Roll Forward
Changes in the number of shares of common stock issued and outstanding for the years ended December 31, 2023, 2022 and 2021 are reflected in the table below.
Shares
Issued
Treasury
Shares
Shares Outstanding
Balance at December 31, 2020530,349,112 (41,043,224)489,305,888 
Shares issued (a)2,583,761 — 2,583,761 
Shares retired(3,397)— (3,397)
Shares repurchased (b)— (27,988,518)(27,988,518)
Balance at December 31, 2021532,929,476 (69,031,742)463,897,734 
Shares issued (a)4,262,575 — 4,262,575 
Shares retired(12,979)— (12,979)
Shares repurchased (b)— (78,470,547)(78,470,547)
Balance at December 31, 2022537,179,072 (147,502,289)389,676,783 
Shares issued (a)6,474,491 — 6,474,491 
Shares retired(18,391)— (18,391)
Shares repurchased (b)— (44,994,499)(44,994,499)
Balance at December 31, 2023543,635,172 (192,496,788)351,138,384 
____________
(a)Shares issued include share awards granted to nonemployee directors.
(b)Shares repurchased include 318,632, 78,087 and 5,174,863 of unsettled shares as of December 31, 2023, 2022 and 2021, respectively.
Schedule of Repurchase Agreements
$5.75 Billion Board Authorization
Total Number of Shares RepurchasedAverage Price Paid
Per Share
Amount Paid for Shares RepurchasedAmount Available for Additional Repurchases at the End of the Period
Year Ended December 31, 2021
19,330,365$21.16 $409 
Year Ended December 31, 2022
78,470,547$23.40 $1,836 
Year Ended December 31, 2023 (a)
44,994,49927.89 1,255 
Total repurchased through December 31, 2023
142,795,411$24.51 $3,500 $750 
January 1, 2024 through February 23, 20244,489,65141.39 186 
Total repurchased through February 23, 2024 (b)147,285,062$25.03 $3,686 $2,064 
____________
(a)Shares repurchased include 318,632 of unsettled shares for $12 million as of December 31, 2023.
(b)Amount available for additional repurchases at the end of the period includes additional $1.5 billion authorization approved by the Board in February 2024.
Schedule of Dividends Declared Quarterly dividends paid per share of common stock for the years ended December 31, 2023, 2022 and 2021 are reflected in the table below.
Year Ended December 31, 2023Year Ended December 31, 2022Year Ended December 31, 2021
Board Declaration DatePayment
Date
Per Share AmountBoard Declaration DatePayment
Date
Per Share AmountBoard Declaration DatePayment
Date
Per Share Amount
February 2023March 2023$0.198 February 2022March 2022$0.170 February 2021March 2021$0.150 
May 2023June 2023$0.204 May 2022June 2022$0.177 April 2021June 2021$0.150 
August 2023September 2023$0.206 July 2022September 2022$0.184 July 2021September 2021$0.150 
November 2023December 2023$0.213 October 2022December 2022$0.193 October 2021December 2021$0.150 
Schedule of Preferred Dividends Declared
Semiannual dividends paid per share of each respective preferred stock series for the years ended December 31, 2023 and 2022 are reflected in the table below. Dividends payable are recorded on the Board declaration date.
Year Ended December 31, 2023Year Ended December 31, 2022
Board Declaration DatePayment
Date
Per Share
Amount
Board Declaration DatePayment
Date
Per Share
Amount
Series A Preferred Stock:Series A Preferred Stock:
February 2023April 2023$40.00 February 2022April 2022$40.00 
August 2023October 2023$40.00 July 2022October 2022$40.00 
Series B Preferred Stock:Series B Preferred Stock:
May 2023June 2023$35.00 May 2022June 2022$35.97 
November 2023December 2023$35.00 October 2022December 2022$35.00