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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Common Stock Outstanding Roll Forward
The following table presents the rollforward of common shares used in calculating the weighted average shares utilized in the basic earnings per common share calculation for the periods indicated:
Common Shares
(shares in millions)
IssuedHeld in TreasuryOutstanding
Balance, January 1, 2023
97.8 0.6 97.2 
Common Shares issued9.7 — 9.7 
Common Shares acquired - share repurchase— 5.4 (5.4)
Share-based compensation programs2.1 0.7 1.4 
Treasury Stock retirement(6.0)(6.0)— 
Balance, December 31, 2023
103.6 0.7 102.9 
Common Shares issued0.1 — 0.1 
Common Shares acquired - share repurchase— 8.6 (8.6)
Share-based compensation programs1.9 0.8 1.1 
Balance, December 31, 2024
105.6 10.1 95.5 
Common Shares issued0.1 — 0.1 
Common Shares acquired - share repurchase— 2.7 (2.7)
Share-based compensation programs1.7 0.8 0.9 
Balance, December 31, 2025
107.4 13.6 93.8 
Dividends Declared
Dividends declared per share of common stock were as follows for the periods indicated:
Year Ended December 31,
202520242023
Dividends declared per share of common stock$1.82 $1.70 $1.20 
The declaration of dividends on preferred stock per share and in the aggregate were as follows for the periods indicated:
Series ASeries B
 Year Ended:Per ShareAggregatePer ShareAggregate
December 31, 2025$77.58 $25 $53.50 $16 
December 31, 202477.582553.5016
December 31, 202361.252053.5016
Accelerated Share Repurchases
The following table presents repurchases of the Company's common stock through share repurchase agreements with third-party financial institutions for the years ended December 31, 2025 and 2024. There were no repurchase agreements for the year ended December 31, 2023.
2025
Execution DatePaymentInitial Shares DeliveredClosing DateAdditional Shares DeliveredTotal Shares Repurchased
August 11, 2025$100 1,127,396October 15, 2025218,3361,345,732
2024
Execution DatePaymentInitial Shares DeliveredClosing DateAdditional Shares DeliveredTotal Shares Repurchased
September 12, 2024$100 1,061,853November 5, 2024222,0071,283,860
Open Market Repurchase
The following table presents repurchases of the Company's common stock pursuant to 10b5-1 plans and through open market repurchases for the periods indicated:
Year Ended December 31,
202520242023
Shares of common stock1,389,099 7,295,206 5,365,303 
Payment$100 $535 $374 

Subsequent to December 31, 2025, the Company repurchased approximately 1.2 million shares pursuant to 10b5-1 plans for an aggregate purchase price of $92.
Schedule of Preferred Stock Issued and Outstanding
As of December 31, 2025 and December 31, 2024, there were 100,000,000 shares of preferred stock authorized. Preferred stock issued and outstanding were as follows:
December 31, 2025December 31, 2024
SeriesIssuedOutstandingIssuedOutstanding
7.758% Non-cumulative Preferred Stock, Series A
325,000 325,000 325,000 325,000 
5.35% Non-cumulative Preferred Stock, Series B
300,000 300,000 300,000 300,000 
Total625,000 625,000 625,000 625,000