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Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Millions
Total
Noncumulative Series B Preferred Stock
Noncumulative Convertible Preferred Stock Series C
Series C Preferred Stock
Preferred Stock (Par Value: $0.01)
Common Stock (Par Value: $0.01)
Paid-in Capital in excess of Par
(Accumulated deficit)/Retained Earnings
Treasury Stock, at Cost
Accumulated Other Comprehensive Loss, Net of Tax
Beginning balance (in shares) at Dec. 31, 2022 [1] 227,072,445                  
Beginning balance at Dec. 31, 2022 $ 8,824       $ 503 $ 2 $ 8,135 $ 1,041 $ (237) $ (620)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance and exercise of stock (in shares) [1] 13,010,669                  
Issuance and exercise of stock $ 85           85      
Shares issued for restricted stock, net of forfeitures (in shares) [1] 1,131,015                  
Shares issued for restricted stock, net of forfeitures $ 0           (31)   31  
Compensation expense related to restricted stock awards 20           20      
Net (loss) income 2,419             2,419    
Dividends paid on common stock (239)             (239)    
Dividends paid on preferred stock $ (16)             (16)    
Purchase of common stock (in shares) [1] (388,877)                  
Purchase of common stock $ (11)               (11)  
Other comprehensive loss, net of tax $ (22)                  
Ending balance (in shares) at Jun. 30, 2023 [1] 240,825,252                  
Ending balance at Jun. 30, 2023 $ 11,060       503 2 8,209 3,205 (217) (642)
Beginning balance at Dec. 31, 2022 0                  
Ending balance at Jun. 30, 2023 $ 0                  
Beginning balance (in shares) at Mar. 31, 2023 [2] 240,716,766                  
Beginning balance at Mar. 31, 2023 $ 10,782       503 2 8,202 2,923 (219) (629)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Shares issued for restricted stock, net of forfeitures (in shares) [2] 171,878                  
Shares issued for restricted stock, net of forfeitures $ 0           (4)   4  
Compensation expense related to restricted stock awards 11           11      
Net (loss) income 413             413    
Dividends paid on common stock (123)             (123)    
Dividends paid on preferred stock $ (8)             (8)    
Purchase of common stock (in shares) [2] (63,392)                  
Purchase of common stock $ (2)               (2)  
Other comprehensive loss, net of tax $ (13)                  
Ending balance (in shares) at Jun. 30, 2023 [1] 240,825,252                  
Ending balance at Jun. 30, 2023 $ 11,060       503 2 8,209 3,205 (217) (642)
Beginning balance at Mar. 31, 2023 0                  
Ending balance at Jun. 30, 2023 $ 0                  
Beginning balance (in shares) at Dec. 31, 2023 [1] 240,688,790                  
Beginning balance at Dec. 31, 2023 $ 8,367       503 2 8,236 443 (218) (599)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance and exercise of stock (in shares) [1] 110,979,273                  
Issuance and exercise of stock $ 444         2 442      
Issuance of warrants to purchase common shares $ 302           302      
Shares issued for restricted stock, net of forfeitures (in shares) [1] (7,366)                  
Shares issued for restricted stock, net of forfeitures $ 0           (4)   4  
Compensation expense related to restricted stock awards 21           21      
Net (loss) income (650)             (650)    
Dividends paid on common stock (45)             (45)    
Dividends paid on preferred stock $ (18)             (18)    
Purchase of common stock (in shares) [1] (356,333)                  
Purchase of common stock $ (9)               (9)  
Other comprehensive loss, net of tax $ (15)                 (15)
Ending balance (in shares) at Jun. 30, 2024 [2] 351,304,364                  
Ending balance at Jun. 30, 2024 $ 8,397       503 4 8,997 (270) (223) (614)
Beginning balance at Dec. 31, 2023 0                  
Preferred Stock Mezzanine (Par Value: $0.01)                    
Issuance of mezzanine preferred stock   $ 258 $ 337              
Issuance of common shares and conversion of Series C preferred to common shares (337)                  
Ending balance at Jun. 30, 2024 $ 258                  
Beginning balance (in shares) at Mar. 31, 2024 [2] 268,095,199                  
Beginning balance at Mar. 31, 2024 $ 8,390       503 3 8,653 73 (225) (617)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance and exercise of stock (in shares) [2] 83,185,285                  
Issuance and exercise of stock $ 333         1 332      
Shares issued for restricted stock, net of forfeitures (in shares) [2] 79,499                  
Shares issued for restricted stock, net of forfeitures $ 0           (3)   3  
Compensation expense related to restricted stock awards 15           15      
Net (loss) income (323)             (323)    
Dividends paid on common stock (10)             (10)    
Dividends paid on preferred stock $ (10)             (10)    
Purchase of common stock (in shares) [2] (55,619)                  
Purchase of common stock $ (1)               (1)  
Other comprehensive loss, net of tax $ 3                 3
Ending balance (in shares) at Jun. 30, 2024 [2] 351,304,364                  
Ending balance at Jun. 30, 2024 $ 8,397       $ 503 $ 4 $ 8,997 $ (270) $ (223) $ (614)
Beginning balance at Mar. 31, 2024 595                  
Preferred Stock Mezzanine (Par Value: $0.01)                    
Issuance of mezzanine preferred stock   $ 258              
Issuance of common shares and conversion of Series C preferred to common shares       $ (337)            
Ending balance at Jun. 30, 2024 $ 258                  
[1] On June 27, 2024, the Company announced a 1 for 3 reverse stock split, effective July 11, 2024. This reverse stock split is reflected retroactively in all periods presented. See Note 19 - Subsequent Events.
[2] On June 27, 2024, the Company announced a 1 for 3 reverse stock split, effective July 11, 2024. This reverse stock split is reflected retroactively in all periods presented. See Note 19 - Subsequent Events.