XML 78 R54.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Stockholders' Equity and Accumulated Other Comprehensive Income (Loss) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Equity [Abstract] |
Summary of the non-cumulative perpetual preferred stock | The following table presents a summary of the non-cumulative perpetual preferred stock:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2024 |  | 2023
| Issuance Date |  | Earliest Redemption Date |  | Dividend Rate (1) |  | Liquidation Amount |  | Liquidation preference per Share |  | Liquidation preference per Depositary Share |  | Ownership Interest per Depositary Share |  | Shares Issued and Outstanding |  | Carrying Amount |  | Carrying Amount
| (Dollars in millions, except for share and per share amounts)
Series B(2) | 4/29/2014 |  | 9/15/2024 |  | 6.375 | % |  |  | $ | — |  |  | $ | 1,000 |  |  | $ | 25 |  |  | 1/40th |  | — |  |  | $ | — |  |  | $ | 433 |
Series C | 4/30/2019 |  | 5/15/2029 |  | 5.700 | % | (3) |  | 500 |  |  | 1,000 |  |  | 25 |  |  | 1/40th |  | 500,000 |  | 490 |  |  | 490 |
Series D | 6/5/2020 |  | 9/15/2025 |  | 5.750 | % | (4) |  | 350 |  |  | 100,000 |  |  | 1,000 |  |  | 1/100th |  | 3,500 |  | 346 |  |  | 346 |
Series E | 5/4/2021 |  | 6/15/2026 |  | 4.450 | % |  |  | 400 |  |  | 1,000 |  |  | 25 |  |  | 1/40th |  | 400,000 |  | 390 |  |  | 390 |
Series F | 7/29/2024 |  | 9/15/2029 |  | 6.950 | % | (5) |  | 500 |  |  | 1,000 |  |  | 25 |  |  | 1/40th |  | 500,000 |  |  | 489 |  |  | — |
|  |  |  |  |  |  |  | $ | 1,750 |  |  |  |  |  |  |  |  | 1,403,500 |  |  | $ | 1,715 |  |  | $ | 1,659 |
_________ (1)Dividends on all series of preferred stock, if declared, accrue and are payable quarterly in arrears. (2)The shares were fully redeemed on September 16, 2024. (3)Dividends, if declared, will be paid quarterly at an annual rate equal to (i) for each period beginning prior to August 15, 2029, 5.700%, and (ii) for each period beginning on or after August 15, 2029, three-month CME Term SOFR plus 3.410% which includes a 0.262% spread adjustment for the transition to SOFR in accordance with ISDA protocols. (4)Dividends, if declared, will be paid quarterly at an annual rate equal to (i) for each period beginning prior to September 15, 2025, 5.750%, and (ii) for each period beginning on or after September 15, 2025, the five-year Treasury rate as of the most recent reset dividend determination date plus 5.426%. (5)Dividends, if declared, will be paid quarterly at an annual rate equal to (i) for each period beginning prior to September 15, 2024, 6.950% and (ii) for each period beginning on or after September 15, 2029, the five-year Treasury rate as of the most recent reset dividend determination date plus 2.771%.
Schedule of Accumulated Other Comprehensive Income (Loss) |
| 2024
| Pre-tax AOCI Activity |  | Tax Effect and Other (1) |  | Net AOCI Activity
| (In millions)
Total accumulated other comprehensive income (loss), beginning of period | $ | (3,773) |  |  | $ | 961 |  |  | $ | (2,812) |
Unrealized losses on securities transferred to held to maturity: |  |  |  |  |
Beginning balance | $ | (9) |  |  | $ | 1 |  |  | $ | (8) |
Unrealized gains (losses) on securities transferred from available for sale during the period | (754) |  |  | 192 |  |  | (562) |
Reclassification adjustments for amortization on unrealized losses on securities transferred to held for maturity (2) | 19 |  |  | (5) |  |  | 14 |
Change in AOCI from securities held to maturity activity in the period | (735) |  |  | 187 |  |  | (548) |
Ending balance | $ | (744) |  |  | $ | 188 |  |  | $ | (556) |
Unrealized gains (losses) on securities available for sale: |  |  |  |  |
Beginning balance | $ | (2,759) |  |  | $ | 703 |  |  | $ | (2,056) |
Unrealized (gains) losses on securities transferred to held to maturity during the period | 754 |  |  | (192) |  |  | 562 |
Unrealized gains (losses) arising during the period | (161) |  |  | 31 |  |  | (130) |
Reclassification adjustments for securities (gains) losses realized in net income (3) | 208 |  |  | (52) |  |  | 156 |
Change in AOCI from securities available for sale activity in the period | 801 |  |  | (213) |  |  | 588 |
Ending balance | $ | (1,958) |  |  | $ | 490 |  |  | $ | (1,468) |
Unrealized gains (losses) on derivative instruments designated as cash flow hedges: |  |  |  |  |
Beginning balance | $ | (399) |  |  | $ | 102 |  |  | $ | (297) |
Unrealized gains (losses) on derivatives arising during the period | (683) |  |  | 172 |  |  | (511) |
Reclassification adjustments for (gains) losses realized in net income (2) | 420 |  |  | (106) |  |  | 314 |
Change in AOCI from derivative activity in the period | (263) |  |  | 66 |  |  | (197) |
Ending balance | $ | (662) |  |  | $ | 168 |  |  | $ | (494) |
Defined benefit pension plans and other post employment benefit plans: |  |  |  |  |
Beginning balance | $ | (606) |  |  | $ | 155 |  |  | $ | (451) |
Net actuarial gains (losses) arising during the period | 27 |  |  | (9) |  |  | 18 |
Reclassification adjustments for amortization of actuarial (gains) losses and settlements realized in net income (4) | 31 |  |  | (8) |  |  | 23 |
Change in AOCI from defined benefit pension plans and other post employment benefits activity in the period | 58 |  |  | (17) |  |  | 41 |
Ending balance | $ | (548) |  |  | $ | 138 |  |  | $ | (410) |
Total other comprehensive income (loss) | (139) |  |  | 23 |  |  | (116) |
Total accumulated other comprehensive income (loss), end of period | $ | (3,912) |  |  | $ | 984 |  |  | $ | (2,928) |
| 2023
| Pre-tax AOCI Activity |  | Tax Effect (1) |  | Net AOCI Activity |  |  |  |
| (In millions) |  |  |  |
Total accumulated other comprehensive income (loss), beginning of period | $ | (4,481) |  |  | $ | 1,138 |  |  | $ | (3,343) |  |  |  |  |
Unrealized losses on securities transferred to held to maturity: |  |  |  |  |  |  |  |  |
Beginning balance | $ | (11) |  |  | $ | 2 |  |  | $ | (9) |  |  |  |  |
Reclassification adjustments for amortization on unrealized losses (2) | 2 |  |  | (1) |  |  | 1 |  |  |  |  |
Ending balance | $ | (9) |  |  | $ | 1 |  |  | $ | (8) |  |  |  |  |
Unrealized gains (losses) on securities available for sale: |  |  |  |  |  |  |  |  |
Beginning balance | $ | (3,433) |  |  | $ | 872 |  |  | $ | (2,561) |  |  |  |  |
Unrealized gains (losses) arising during the period | 669 |  |  | (168) |  |  | 501 |  |  |  |  |
Reclassification adjustments for securities (gains) losses realized in net income (3) | 5 |  |  | (1) |  |  | 4 |  |  |  |  |
Change in AOCI from securities available for sale activity in the period | 674 |  |  | (169) |  |  | 505 |  |  |  |  |
Ending balance | $ | (2,759) |  |  | $ | 703 |  |  | $ | (2,056) |  |  |  |  |
Unrealized gains (losses) on derivative instruments designated as cash flow hedges: |  |  |  |  |  |  |  |  |
Beginning balance | $ | (468) |  |  | $ | 119 |  |  | $ | (349) |  |  |  |  |
Unrealized gains (losses) on derivatives arising during the period | (167) |  |  | 43 |  |  | (124) |  |  |  |  |
Reclassification adjustments for (gains) losses realized in net income (2) | 236 |  |  | (60) |  |  | 176 |  |  |  |  |
Change in AOCI from derivative activity in the period | 69 |  |  | (17) |  |  | 52 |  |  |  |  |
Ending balance | $ | (399) |  |  | $ | 102 |  |  | $ | (297) |  |  |  |  |
Defined benefit pension plans and other post employment benefit plans: |  |  |  |  |  |  |  |  |
Beginning balance | $ | (569) |  |  | $ | 145 |  |  | $ | (424) |  |  |  |  |
Net actuarial gains (losses) arising during the period | (82) |  |  | 21 |  |  | (61) |  |  |  |  |
Reclassification adjustments for amortization of actuarial (gains) losses and settlements realized in net income (4) | 45 |  |  | (11) |  |  | 34 |  |  |  |  |
Change in AOCI from defined benefit pension plans and other post employment benefits activity in the period | (37) |  |  | 10 |  |  | (27) |  |  |  |  |
Ending balance | $ | (606) |  |  | $ | 155 |  |  | $ | (451) |  |  |  |  |
Total other comprehensive income (loss) | 708 |  |  | (177) |  |  | 531 |  |  |  |  |
Total accumulated other comprehensive income (loss), end of period | $ | (3,773) |  |  | $ | 961 |  |  | $ | (2,812) |  |  |  |  |
| 2022
| Pre-tax AOCI Activity |  | Tax Effect (1) |  | Net AOCI Activity |  |  |  |
| (In millions) |  |  |  |
Total accumulated other comprehensive income (loss), beginning of period | $ | 387 |  |  | $ | (98) |  |  | $ | 289 |  |  |  |  |
Unrealized losses on securities transferred to held to maturity: |  |  |  |  |  |  |  |  |
Beginning balance | $ | (14) |  |  | $ | 3 |  |  | $ | (11) |  |  |  |  |
Reclassification adjustments for amortization on unrealized (gains) losses (2) | 3 |  |  | (1) |  |  | 2 |  |  |  |  |
Ending balance | $ | (11) |  |  | $ | 2 |  |  | $ | (9) |  |  |  |  |
Unrealized gains (losses) on securities available for sale: |  |  |  |  |  |  |  |  |
Beginning balance | $ | 218 |  |  | $ | (55) |  |  | $ | 163 |  |  |  |  |
Unrealized gains (losses) arising during the period | (3,652) |  |  | 927 |  |  | (2,725) |  |  |  |  |
Reclassification adjustments for securities losses realized in net income (3) | 1 |  |  | — |  |  | 1 |  |  |  |  |
Change in AOCI from securities available for sale activity in the period | (3,651) |  |  | 927 |  |  | (2,724) |  |  |  |  |
Ending balance | $ | (3,433) |  |  | $ | 872 |  |  | $ | (2,561) |  |  |  |  |
Unrealized gains (losses) on derivative instruments designated as cash flow hedges: |  |  |  |  |  |  |  |  |
Beginning balance | $ | 830 |  |  | $ | (209) |  |  | $ | 621 |  |  |  |  |
Unrealized gains (losses) on derivatives arising during the period | (1,158) |  |  | 292 |  |  | (866) |  |  |  |  |
Reclassification adjustments for (gains) losses realized in net income (2) | (140) |  |  | 36 |  |  | (104) |  |  |  |  |
Change in AOCI from derivative activity in the period | (1,298) |  |  | 328 |  |  | (970) |  |  |  |  |
Ending balance | $ | (468) |  |  | $ | 119 |  |  | $ | (349) |  |  |  |  |
Defined benefit pension plans and other post employment benefit plans: |  |  |  |  |  |  |  |  |
Beginning balance | $ | (647) |  |  | $ | 163 |  |  | $ | (484) |  |  |  |  |
Net actuarial gains (losses) arising during the period | 40 |  |  | (7) |  |  | 33 |  |  |  |  |
Reclassification adjustments for amortization of actuarial (gains) losses and settlements realized in net income (4) | 38 |  |  | (11) |  |  | 27 |  |  |  |  |
Change in AOCI from defined benefit pension plans and other post employment benefits activity in the period | 78 |  |  | (18) |  |  | 60 |  |  |  |  |
Ending balance | $ | (569) |  |  | $ | 145 |  |  | $ | (424) |  |  |  |  |
Total other comprehensive income (loss) | (4,868) |  |  | 1,236 |  |  | (3,632) |  |  |  |  |
Total accumulated other comprehensive income (loss), end of period | $ | (4,481) |  |  | $ | 1,138 |  |  | $ | (3,343) |  |  |  |  |
____ (1)The impact of all AOCI activity is shown net of tax, the tax effect is calculated using a nominal rate of approximately 25 percent. (2)Reclassification amount is recognized in net interest income in the consolidated statements of income. (3)Reclassification amount is recognized in securities gains (losses), net in the consolidated statements of income. (4)Reclassification amount is recognized in other non-interest expense in the consolidated statements of income. Additionally, these accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost (see Note 17 for additional details).

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(27)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-4 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-5 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481142/505-10-45-2 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-10 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
Name: | us-gaap_ScheduleOfStockByClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration