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STOCKHOLDERS' EQUITY | 3 Months Ended
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Mar. 31, 2025
Equity [Abstract] |
STOCKHOLDERS' EQUITY | NOTE 10 - STOCKHOLDERS’ EQUITY Preferred Stock The following table summarizes the Company’s preferred stock:
|  |  | March 31, 2025 |  | December 31, 2024
(dollars in millions, except per share data) | Liquidation value per share |  | Preferred Shares |  | Carrying Amount |  | Preferred Shares |  | Carrying Amount
Authorized ($25 par value per share) |  |  | 100,000,000 |  |  |  |  | 100,000,000 |  |  |
Issued and outstanding: |  |  |  |  |  |  |  |  |
Series B | $1,000 |  |  | 300,000 |  |  | $296 |  |  | 300,000 |  |  | $296 |
Series C | 1,000 |  |  | 300,000 |  |  | 297 |  |  | 300,000 |  |  | 297 |
Series E | 1,000 |  | (1) | 450,000 |  | (2) | 437 |  |  | 450,000 |  |  | 437 |
Series F | 1,000 |  |  | 400,000 |  |  | 395 |  |  | 400,000 |  |  | 395 |
Series G | 1,000 |  |  | 300,000 |  |  | 296 |  |  | 300,000 |  |  | 296 |
Series H | 1,000 |  | (1) | 400,000 |  | (3) | 392 |  |  | 400,000 |  |  | 392 |
Total |  |  | 2,150,000 |  |  | $2,113 |  |  | 2,150,000 |  |  | $2,113 |
(1) Equivalent to $25 per depositary share. (2) Represented by 18,000,000 depositary shares each representing a 1/40th interest in the Series E Preferred Stock. (3) Represented by 16,000,000 depositary shares each representing a 1/40th interest in the Series H Preferred Stock. For further detail regarding the terms and conditions of the Company’s preferred stock, see Note 17 in the Company’s 2024 Form 10-K. Dividends The following table summarizes the Company’s dividend activity for the three months ended March 31, 2025 and 2024.
|  | Three Months Ended March 31, 2025 |  | Three Months Ended March 31, 2024
(dollars in millions, except per share data) |  | Dividends Declared per Share | Dividends Declared | Dividends Paid |  | Dividends Declared per Share | Dividends Declared | Dividends Paid
Common stock |  | $0.42 |  | $186 |  | $186 |  |  | $0.42 |  | $197 |  | $197 |
Preferred stock |  |  |  |  |  |  |  |
Series B |  | $19.11 |  | $6 |  | $6 |  |  | $21.72 |  | $7 |  | $7 |
Series C |  | 19.50 |  | 6 |  | 6 |  |  | 15.94 |  | 5 |  | 5 |
Series D |  | — |  | — |  | — |  |  | 15.88 |  | 5 |  | 5 |
Series E |  | 12.50 |  | 5 |  | 6 |  |  | 12.50 |  | 5 |  | 5 |
Series F |  | 14.13 |  | 6 |  | 6 |  |  | 14.13 |  | 5 |  | 6 |
Series G |  | 10.00 |  | 3 |  | 3 |  |  | 10.00 |  | 3 |  | 3 |
Series H |  | 18.44 |  | 7 |  | 7 |  |  | — |  | — |  | — |
Total preferred stock |  |  | $33 |  | $34 |  |  |  | $30 |  | $31 |
Treasury Stock During the three months ended March 31, 2025 and 2024, the Company repurchased $200 million, or 4,483,894 shares, and $300 million, or 9,244,939 shares, respectively, of its outstanding common stock, which are held in treasury stock.

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