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STOCKHOLDERS' EQUITY
 9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
STOCKHOLDERS' EQUITY
NOTE 10 - STOCKHOLDERS’ EQUITY
Preferred Stock
The following table summarizes the Company’s preferred stock:
September 30, 2021December 31, 2020
(in millions, except per share and share data)Liquidation value per sharePreferred SharesCarrying AmountPreferred SharesCarrying Amount
Authorized ($25 par value per share)
100,000,000 100,000,000 
Issued and outstanding:
Series A$1,000 — $—250,000 $247
Series B1,000 300,000 296 300,000 296 
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 
Series G1,000 300,000 296 — —
Total2,050,000 $2,0142,000,000 $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.
On July 6, 2021, the Company redeemed all outstanding shares of the 5.500% fixed-to-floating rate non-cumulative perpetual Series A Preferred Stock.

On June 11, 2021, the Company issued $300 million, or 300,000 shares, of 4.000% fixed-rate reset non-cumulative perpetual Series G Preferred Stock, par value of $25.00 per share with a liquidation preference of $1,000 per share (the “Series G Preferred Stock”). For further detail regarding the terms and conditions of the Company’s Series G Preferred Stock, see Note 10 to the Company’s Consolidated Financial Statements in the Form 10-Q for the period ended June 30, 2021.

For further detail regarding the terms and conditions of the Company’s preferred stock, see Note 16 to the Company’s Consolidated Financial Statements in the 2020 Form 10-K.
Dividends
Three Months Ended September 30, 2021Three Months Ended September 30, 2020
(in millions, except per share data)Dividends Declared per ShareDividends DeclaredDividends PaidDividends Declared per ShareDividends DeclaredDividends Paid
Common stock$0.39 $167 $167 $0.39 $168 $168 
Preferred stock
Series A$— $— $3 $10.90 $3 $3 
Series B— — 9 — — 9 
Series C15.94 5 5 15.94 4 5 
Series D15.88 5 4 15.88 4 5 
Series E12.50 6 6 12.50 6 6 
Series F14.13 6 6 19.15 8 — 
Series G12.78 4 — — — — 
Total preferred stock$26 $33 $25 $28 
Nine Months Ended September 30, 2021Nine Months Ended September 30, 2020
(in millions, except per share data)Dividends Declared per ShareDividends DeclaredDividends PaidDividends Declared per ShareDividends DeclaredDividends Paid
Common stock$1.17 $502 $502 $1.17 $504 $504 
Preferred stock
Series A$20.99 $5 $8 $51.88 $13 $10 
Series B30.00 9 18 30.00 9 18 
Series C47.81 15 15 47.81 14 15 
Series D47.63 14 13 47.63 14 15 
Series E37.50 17 17 37.50 17 15 
Series F42.38 17 17 19.15 8 — 
Series G12.78 4 — — — — 
Total preferred stock$81 $88 $75 $73 
Treasury Stock
During the nine months ended September 30, 2021, the Company repurchased $95 million, or 2,244,924 shares, of its outstanding common stock, which are held in treasury stock.