Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2023

Stockholders' Equity Note [Abstract]

Preferred Stock Issued and Outstanding

The Company’s preferred stock issued and outstanding is as follows:

			Liquidation Preference Per Share							Dividend Rate in Effect at September 30, 2023		Earliest Redemption Date	Date at Which Dividend Rate Resets or Becomes Floating	Reset / Floating Rate	Margin Over Reset / Floating Rate
	Shares Issued and Outstanding (in ones) at				Carrying Value at
	September 30, 2023 (1)	December 31, 2022 (1)			September 30, 2023		December 31, 2022		Issue Date
Fixed-rate:
Series D	750,000	750,000	$	1,000	$	728	$	728	03/07/16	5.950	%	06/01/21	N/A	N/A	N/A
Series J	600,000	600,000	1,000		584		584		03/30/21	4.450	%	06/01/26	N/A	N/A	N/A
Fixed-to-floating rate/Fixed-rate reset:
Series F	4,884	5,000	100,000		481		492		10/31/17	5.000	%	12/01/27	12/01/27	3M LIBOR(4)	2.575	%
Series G (2)	24,580	25,000	100,000		2,428		2,470		04/30/20	5.375	%	06/01/25	06/01/25	5-Year Treasury	4.971	%
Series H (3)	22,267	25,000	100,000		2,200		2,470		12/11/20	4.000	%	12/01/30	12/01/30	10-Year Treasury	3.079	%
Series I (2)	20,554	22,500	100,000		2,030		2,222		03/18/21	4.000	%	06/01/26	06/01/26	5-Year Treasury	3.168	%
Series K (2)	7,500	7,500	100,000		740		740		03/04/22	5.000	%	06/01/27	06/01/27	5-Year Treasury	3.256	%
Total preferred    stock	1,429,785	1,435,000			$	9,191	$	9,706

(1) Represented by depositary shares.

(2) The dividend rate for Series G, Series I, and Series K resets on each five-year anniversary from the first reset date.

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

(4) The reset/floating rate for Series F will be determined by the calculation agent prior to the commencement of the floating rate period using what the calculation agent determines to be the industry-accepted substitute or successor base rate to LIBOR.

N/A Not applicable.

Dividends Declared

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

	Three Months Ended September 30,								Nine Months Ended September 30,
	2023				2022				2023				2022
	Total Declared		Per Share Amount		Total Declared		Per Share Amount		Total Declared (1)		Per Share Amount		Total Declared		Per Share Amount
Series A (2)	N/A		N/A		$	7.7	$	19.43	N/A		N/A		$	18.9	$	47.73
Series D (3)	$	11.2	$	14.88	11.2		14.88		$	33.5	$	44.64	33.5		44.64
Series E (4)	N/A		N/A		7.4		1,251.05		N/A		N/A		27.2		4,544.37
Series F (5)	—		—		—		—		12.2		2,500.00		12.5		2,500.00
Series G (3)	33.0		1,343.75		33.6		1,343.75		99.3		4,031.25		100.8		4,031.25
Series H (3)	22.2		1,000.00		25.0		1,000.00		68.2		3,000.00		75.0		3,000.00
Series I (3)	20.6		1,000.00		22.5		1,000.00		62.5		3,000.00		67.5		3,000.00
Series J (3)	6.7		11.13		6.7		11.13		20.1		33.39		20.1		33.39
Series K (6)	9.3		1,250.00		9.3		1,250.00		28.1		3,750.00		18.4		2,458.33
Total	$	103.0			$	123.4			$	323.9			$	373.9

(1) Excludes $3 million of dividends declared on Series G, H and I, and accrued by stockholders as of the repurchase date. Such dividends are part of the consideration paid upon repurchase of the depositary shares during the nine months ended September 30, 2023.

(2) Series A was redeemed on November 1, 2022. Prior to redemption, dividends were paid semi-annually until February 1, 2022 and quarterly thereafter. The final dividend was paid on November 1, 2022.

(3) Dividends paid quarterly.

(4) Series E was redeemed on December 1, 2022. Prior to redemption, dividends were paid semi-annually until March 1, 2022 and quarterly thereafter. The final dividend was paid on December 1, 2022.

(5) Dividends paid semi-annually until December 1, 2027 and quarterly thereafter.

(6) Series K was issued on March 4, 2022. Dividends are paid quarterly, and the first dividend was paid on June 1, 2022.

N/A Not applicable.