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Consolidated Statement of Changes in Equity (Parenthetical) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Common stock, dividends declared (USD per share) $ 3.99 $ 3.71 $ 3.43
Retained Earnings      
Acquisition and surrender of common shares [1] $ 15.8 $ 34.1 $ 28.9
[1] For accounting purposes, the Company treats repurchased shares as constructively retired when acquired and accordingly charges the purchase price against Common Stock par value, Additional paid-in capital, to the extent available, and Retained earnings. The change in Retained earnings of $15.8 million, $34.1 million and $28.9 million in 2021, 2020 and 2019, respectively, reflects this accounting treatment.