Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31, 2024		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
	March 31, 2024 (1)	December 31, 2023 (1)			March 31, 2024		December 31, 2023		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	4,884	100,000		481		481		10/31/17	5.000	%	12/01/27	12/01/27	3M LIBOR(4)	2.575	%
Series G (2)	24,580	24,580	100,000		2,428		2,428		04/30/20	5.375	%	06/01/25	06/01/25	5-Year Treasury	4.971	%
Series H (3)	22,267	22,267	100,000		2,200		2,200		12/11/20	4.000	%	12/01/30	12/01/30	10-Year Treasury	3.079	%
Series I (2)	20,554	20,554	100,000		2,030		2,030		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	1,429,785			$	9,191	$	9,191

(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 March 31,
	2024				2023
	Total Declared		Per Share Amount		Total Declared (1)		Per Share Amount
Series D (2)	$	11.2	$	14.88	$	11.2	$	14.88
Series F (3)	—		—		—		—
Series G (2)	33.0		1,343.75		33.2		1,343.75
Series H (2)	22.3		1,000.00		23.7		1,000.00
Series I (2)	20.6		1,000.00		21.3		1,000.00
Series J (2)	6.7		11.13		6.7		11.13
Series K (2)	9.3		1,250.00		9.3		1,250.00
Total	$	103.1			$	105.4

(1) Excludes $3 million of dividends declared on Series G, H and I, and accrued by stockholders as of the repurchase date. Such dividends were part of the consideration paid upon repurchase of the depositary shares during the three months ended March 31, 2023.

(2) Dividends paid quarterly.

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