Preferred and Common Stock (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Schedule of Share Activity

Common Stock Outstanding and Share Activity (number of shares)

Balance at December 30, 2020	432,906,377
Issued for stock-based compensation plans	2,195,681
Repurchase and retirement of common stock	(13,410,146)
Balance at December 31, 2021	421,691,912
Issued for stock-based compensation plans	1,819,651
Repurchase and retirement of common stock	(11,356,506)
Balance at December 31, 2022	412,155,057
Issued for stock-based compensation plans	2,993,340
Repurchase and retirement of common stock	(5,233,936)
Balance at December 31, 2023	409,914,461

Schedule of Accelerated Share Repurchases

The following table provides details for share repurchases during 2023, 2022, and 2021:

	Number of shares	Average price per share(1)	Total
Q1 2023 open market repurchase	576,629	$43.36	$25
Q2 2023 open market repurchase	2,246,294	$44.52	$100
Q3 2023 open market repurchase	506,800	$49.32	$25
Q4 2023 open market repurchase	1,904,213	$52.52	$100
2023 Share repurchase total	5,233,936	$47.76	$250
Q1 2022 open market repurchase	5,147,307	$34.00	$175
Q2 2022 open market repurchase	1,770,271	$33.89	$60
Q3 2022 open market repurchase	2,764,846	$36.17	$100
Q4 2022 open market repurchase	1,674,082	$38.83	$65
2022 Share repurchase total	11,356,506	$35.22	$400
Q2 2021 accelerated share repurchase	5,878,791	$34.02	$200
Q3 2021 open market repurchase	769,274	$32.50	$25
Q4 2021 open market repurchase	6,762,081	$30.32	$205
2021 Share repurchase total	13,410,146	$32.07	$430

(1)Excludes commissions cost.

Schedule of Activity for Stock Options and Stock Awards

The activity for stock options and stock awards during 2023 was as follows (options and awards in millions in the table below):

	Stock options			Stock awards
	Number of options	Weighted average exercise price per option		Number of awards	Weighted average FMV per award
Outstanding, December 31, 2022	0.9	$	23.86	6.5	$	17.77
Granted	—	—		0.6	45.25
Exercised	(0.4)	25.14		—	—
Converted	—	—		(4.3)	10.31
Expired or forfeited	—	—		(0.1)	34.88
Performance share adjustment	—	—		0.3	21.33
Outstanding, December 31, 2023	0.5	$	22.67	3.0	$	34.23