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Level 1 (Notes)
 9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
Capital Purchase Program ("CPP") Warrants
As of September 30, 2016 and December 31, 2015, respectively, the Company has 4.1 million and 4.4 million of CPP warrants outstanding and exercisable. CPP warrant exercises were 0.1 million and 1.1 million for the three months ended September 30, 2016 and 2015, respectively and 0.3 million and 2.7 million during the nine months ended September 30, 2016 and 2015, respectively.
The declaration of common stock dividends by the Company in excess of a threshold triggers a provision in the Company's warrant agreement with The Bank of New York Mellon resulting in adjustments to the CPP warrant exercise price. Accordingly, the declaration of a common stock dividend during the three months ended September 30, 2016 resulted in an adjustment to the CPP warrant exercise price. The CPP warrant exercise price was $9.161 as of September 30, 2016 and $9.264 as of December 31, 2015.
Equity Repurchase Program
The following summarizes equity repurchase activity in 2016 and remaining repurchase capacity as of September 30, 2016.
Three months ended
Common Shares
Repurchased
Cost of Shares Repurchased
Average Price Paid per Share
Remaining Capacity Under Share Repurchase Authorization
(In millions, except for per share data)
 
 
 
 
March 31, 2016
8.4

$
350

$
41.72



June 30, 2016
7.8

$
350

$
44.74

 
September 30, 2016
8.4

$
350

$
41.54

 
Total
24.6

$
1,050



$
280

In October 2016, the Board of Directors authorized a new equity repurchase plan for $1.3 billion for the period commencing October 31, 2016 through December 31, 2017. The $1.3 billion authorization is in addition to the Company’s prior equity repurchase plan, which expires on December 31, 2016. During the period October 1, 2016 through October 26, 2016, the Company repurchased approximately 2.0 million common shares for $85.