Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2021

Stockholders' Equity Note [Abstract]

Preferred Stock Issued and Outstanding

The following is a summary of CSC’s non-cumulative perpetual preferred stock outstanding as of such dates:

										Dividend Rate in Effect at December 31, 2021			Date at Which Dividend Rate Resets or Becomes Floating	Reset / Floating Rate	Margin Over Reset / Floating Rate
	Shares Issued and Outstanding (in thousands) at December 31,		Liquidation Preference Per Share		Carrying Value at December 31,							Earliest Redemption Date
	2021 (1)	2020 (1)			2021		2020		Issue Date
Fixed-rate:
Series C (2)	—	600	$	1,000	$	—	$	585	08/03/15	—		—	N/A	N/A	N/A
Series D	750	750	1,000		728		728		03/07/16	5.950	%	06/01/21	N/A	N/A	N/A
Series J	600	—	1,000		584		—		03/30/21	4.450	%	06/01/26	N/A	N/A	N/A
Fixed-to-floating-rate/Fixed-rate reset (3):
Series A	400	400	1,000		397		397		01/26/12	7.000	%	02/01/22	02/01/22	3M LIBOR	4.820	%
Series E	6	6	100,000		591		591		10/31/16	4.625	%	03/01/22	03/01/22	3M LIBOR	3.315	%
Series F	5	5	100,000		492		492		10/31/17	5.000	%	12/01/27	12/01/27	3M LIBOR	2.575	%
Series G	25	25	100,000		2,470		2,470		04/30/20	5.375	%	06/01/25	06/01/25	5-Year Treasury	4.971	%
Series H	25	25	100,000		2,470		2,470		12/11/20	4.000	%	12/01/30	12/01/30	10-Year Treasury	3.079	%
Series I (4)	23	—	100,000		2,222		—		03/18/21	4.000	%	06/01/26	06/01/26	5-Year Treasury	3.168	%
Total preferred stock	1,834	1,811			$	9,954	$	7,733

(1) Represented by depositary shares, except for Series A.

(2) Series C Preferred Stock was redeemed on June 1, 2021.

(3) The dividend rate for Series G resets on each five-year anniversary from the first reset date. The dividend rate for Series H resets on each 10-year anniversary from the first reset date.

(4) The Series I dividend rate resets on each five-year anniversary beginning on June 1, 2026 based on a five-year treasury rate, representing the average of the yields on actively traded U.S. treasury securities adjusted to constant maturity for five-year maturities. Series I is only redeemable on dividend payment dates on or after the first reset date.

N/A Not applicable.

Dividends Declared

Dividends declared on the Company’s preferred stock are as follows:

Year Ended December 31,	2021				2020				2019
	Total Declared (in millions)		Per Share Amount		Total Declared (in millions)		Per Share Amount		Total Declared (in millions)		Per Share Amount
Series A	$	28.0	$	70.00	$	28.0	$	70.00	$	28.0	$	70.00
Series C (1)	18.0		30.00		36.0		60.00		36.0		60.00
Series D	44.6		59.52		44.6		59.52		44.6		59.52
Series E	27.8		4,625.00		27.8		4,625.00		27.8		4,625.00
Series F	25.0		5,000.00		25.0		5,000.00		25.0		5,000.00
Series G (2)	134.4		5,375.00		78.8		3,150.35		N/A		N/A
Series H (3)	97.2		3,888.89		N/A		N/A		N/A		N/A
Series I (4)	63.2		2,811.11		N/A		N/A		N/A		N/A
Series J (5)	17.9		29.80		N/A		N/A		N/A		N/A
Total	$	456.1			$	240.2			$	161.4

(1) Series C Preferred Stock was redeemed on June 1, 2021. Prior to redemption, dividends were paid quarterly and the final dividend was paid on June 1, 2021.

(2) Series G Preferred Stock was issued on April 30, 2020. Dividends are paid quarterly, and the first dividend was paid on September 1, 2020.

(3) Series H Preferred Stock was issued on December 11, 2020. Dividends are paid quarterly, and the first dividend was paid on March 1, 2021.

(4) Series I Preferred Stock was issued on March 18, 2021. Dividends are paid quarterly, and the first dividend was paid on June 1, 2021.

(5) Series J Preferred Stock was issued on March 30, 2021. Dividends are paid quarterly, and the first dividend was paid on June 1, 2021.

N/A Not applicable.