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STOCKHOLDERS' EQUITY (Tables)
 3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
Schedule of preferred stock
The following table summarizes the Company’s preferred stock:
March 31, 2021December 31, 2020
(in millions, except per share and share data)Liquidation value per sharePreferred SharesCarrying AmountPreferred SharesCarrying Amount
Authorized ($25 par value)
100,000,000 100,000,000 
Issued and outstanding:
Series A$1,000250,000 $247250,000 $247
Series B1,000 300,000296 300,000 296 
Series C1,000 300,000 297 300,000 297 
Series D1,000 
(1)
300,000 
(2)
293 300,000 293 
Series E1,000 
(1)
450,000 
(3)
437 450,000 437 
Series F1,000 400,000 395 400,000 395 
Total2,000,000 $1,9652,000,000 $1,965
(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.
(3) Represented by 18,000,000 depositary shares each representing a 1/40th interest in the Series E Preferred Stock.
Schedule of dividends
Three Months Ended March 31, 2021Three Months Ended March 31, 2020
(in millions, except per share and share data)Dividends Declared per ShareDividends DeclaredDividends PaidDividends Declared per ShareDividends DeclaredDividends Paid
Common stock$0.39 $167 $167 $0.39 $168 $168 
Preferred stock
Series A$10.49 $3 $3 $27.50 $7 $— 
Series B— — 9 — — 9 
Series C15.94 5 5 15.94 5 5 
Series D15.88 5 5 15.88 5 5 
Series E12.50 5 5 12.50 5 4 
Series F14.13 5 5 — — — 
Total preferred stock$23 $32 $22 $23