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STOCKHOLDERS' EQUITY | 6 Months Ended
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Jun. 30, 2019
Equity [Abstract] |
STOCKHOLDERS' EQUITY | NOTE 11 - STOCKHOLDERS’ EQUITY Preferred Stock The following table summarizes the Company’s preferred stock:
|  |  | June 30, 2019 |  | December 31, 2018
(in millions, except per share and share data) | Liquidation value per share |  | Preferred Shares |  | Carrying Amount |  | Preferred Shares |  | Carrying Amount
Authorized ($25 par value) |  |  | 100,000,000 |  |  |  |  | 100,000,000 |  |  |
Issued and outstanding: |  |  |  |  |  |  |  |  |
Series A | $1,000 |  | 250,000 |  |  | $247 |  | 250,000 |  |  | $247
Series B | 1,000 |  |  | 300,000 |  | 296 |  |  | 300,000 |  |  | 296 |
Series C | 1,000 |  |  | 300,000 |  |  | 297 |  |  | 300,000 |  |  | 297 |
Series D | 1,000 |  | (1) | 300,000 |  | (2) | 293 |  |  | — |  |  | — |
Total |  |  | 1,150,000 |  |  | $1,133 |  | 850,000 |  |  | $840
(1)Equivalent to $25 per depositary share. (2)Represented by 12,000,000 depositary shares each representing a 1/40th interest in the Series D Preferred Stock. The following table provides information related to the Company’s preferred stock outstanding as of June 30, 2019:
(in millions, except share data)
Preferred Stock(1) | Issue Date | Number of Shares Outstanding | Dividend Dates(2) | Annual Per Share Dividend Rate | Optional Redemption Date(3)
Series A | April 6, 2015 | 250,000 | Semi-annually beginning October 6, 2015 until April 6, 2020 | 5.500% until April 6, 2020 | April 6, 2020
|  |  | Quarterly beginning July 6, 2020 | 3 Mo. LIBOR plus 3.960% beginning April 6, 2020 |
Series B | May 24, 2018 | 300,000 | Semi-annually beginning January 6, 2019 until July 6, 2023 | 6.000% until July 6, 2023 | July 6, 2023
|  |  | Quarterly beginning October 6, 2023 | 3 Mo. LIBOR plus 3.003% beginning July 6, 2023 |
Series C | October 25, 2018 | 300,000 | Quarterly beginning January 6, 2019 until April 6, 2024 | 6.375% until April 6, 2024 | April 6, 2024
|  |  | Quarterly beginning July 6, 2024 | 3 Mo. LIBOR plus 3.157% beginning April 6, 2024 |
Series D | January 29, 2019 | 300,000(4) | Quarterly beginning April 6, 2019 until April 6, 2024 | 6.350% until April 6, 2024 | April 6, 2024
|  |  | Quarterly beginning July 6, 2024 | 3 Mo. LIBOR plus 3.642% beginning April 6, 2024 |
(1) All outstanding series are non-cumulative fixed-to-floating rate perpetual preferred stock. Except in limited circumstances, the preferred stock does not have voting rights. (2) Dividends are payable when, and if, declared by the Company’s Board of Directors or an authorized committee thereof. (3) Redeemable at the Company’s option, in whole or in part, on any dividend payment date on or after the date stated, or in whole but not in part, at any time within 90 days following a regulatory capital treatment event a as defined in the applicable certificate of designations, in each case at a redemption price equal to $1,000 per share (equivalent to $25 per depositary share for the Series D Preferred Stock), plus any declared and unpaid dividends, without accumulation of any undeclared dividends. Under current rules, any redemption is subject to approval by the FRB. (4) Represented by 12,000,000 depositary shares each representing a 1/40th interest in the Series D Preferred Stock. Dividends The following table provides information related to dividends per share and in the aggregate, declared and paid, for each type of stock issued and outstanding:
|  | Three Months Ended June 30, 2019 |  | Three Months Ended June 30, 2018
(in millions, except per share data) |  | Dividends Declared per Share | Dividends Declared | Dividends Paid |  | Dividends Declared per Share | Dividends Declared | Dividends Paid
Common stock |  |  | $0.32 |  |  | $148 |  |  | $148 |  |  |  | $0.22 |  |  | $107 |  |  | $107 |
Preferred stock |  |  |  |  |  |  |  |
Series A |  |  | $— |  |  | $— |  |  | $7 |  |  |  | $— |  |  | $— |  |  | $7 |
Series B |  | 30.00 |  | 9 |  | — |  |  | — |  | — |  | — |
Series C |  | 15.94 |  | 4 |  | 5 |  |  | — |  | — |  | — |
Series D |  | 15.88 |  | 5 |  | 3 |  |  | — |  | — |  | — |
Total preferred stock |  |  |  | $18 |  |  | $15 |  |  |  |  | $— |  |  | $7 |
|  | Six Months Ended June 30, 2019 |  | Six Months Ended June 30, 2018
(in millions, except per share data) |  | Dividends Declared per Share | Dividends Declared | Dividends Paid |  | Dividends Declared per Share | Dividends Declared | Dividends Paid
Common stock |  |  | $0.64 |  |  | $297 |  |  | $297 |  |  |  | $0.44 |  |  | $215 |  |  | $215 |
Preferred stock |  |  |  |  |  |  |  |
Series A |  |  | $27.50 |  |  | $7 |  |  | $7 |  |  |  | $27.50 |  |  | $7 |  |  | $7 |
Series B |  | 30.00 |  | 9 |  | 11 |  |  | — |  | — |  | — |
Series C |  | 31.88 |  | 9 |  | 9 |  |  | — |  | — |  | — |
Series D |  | 27.70 |  | 8 |  | 3 |  |  | — |  | — |  | — |
Total preferred stock |  |  |  | $33 |  |  | $30 |  |  |  |  | $7 |  |  | $7 |
Treasury Stock During the six months ended June 30, 2019, the Company repurchased $320 million, or 9,287,644 shares, of its outstanding common stock, which are held in treasury stock.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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