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Stockholders' Equity | 12 Months Ended
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Dec. 31, 2021
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] |
Stockholders' Equity | Equity 2018 "At-The-Market" Stock Offering Program The Company previously maintained an "at-the-market" stock offering program through which it had the right to issue and sell shares of its common stock having an aggregate gross sales price of up to $750 million ("2018 ATM Program"). The Company terminated its previously outstanding 2018 ATM Program in March 2021 with the entire gross sales price of $750 million remaining unsold. 2021 "At-the-Market" Stock Offering Program In March 2021, the Company established a new "at-the-market" stock offering program through which it may issue and sell shares of its common stock having an aggregate gross sales price of up to $750 million ("2021 ATM Program"). Sales under the 2021 ATM Program may be made by means of ordinary brokers' transactions on the NYSE or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or, subject to the Company's specific instructions, at negotiated prices. The Company intends to use the net proceeds from any sales under the 2021 ATM Program for general corporate purposes, which may include (1) the funding of future acquisitions or investments or (2) the repayment or repurchase of any outstanding indebtedness. The Company has not sold any shares of common stock under the 2021 ATM Program. Convertible Preferred Stock Conversion In July and August 2020, all of the approximately 2 million shares of the Company's previously outstanding 6.875% Mandatory Convertible Preferred Stock were converted into approximately 14 million shares of the Company's common stock at a conversion rate (based on the applicable market value of the common stock and subject to certain anti-dilutive adjustments) of 8.8043 shares of common stock per each share of 6.875% Mandatory Convertible Preferred Stock. Declaration and Payment of Dividends During the year ended December 31, 2021, the following dividends/distributions were declared or paid:
Equity Type |  | Declaration Date |  | Record Date |  | Payment Date |  | Dividends Per Share |  | Aggregate Payment Amount(a)
Common Stock |  | February 18, 2021 |  | March 15, 2021 |  | March 31, 2021 |  | $ | 1.33 |  |  | $ | 581 |
Common Stock |  | May 21, 2021 |  | June 14, 2021 |  | June 30, 2021 |  | $ | 1.33 |  |  | $ | 579 |
Common Stock |  | August 5, 2021 |  | September 15, 2021 |  | September 30, 2021 |  | $ | 1.33 |  |  | $ | 578 |
Common Stock |  | October 18, 2021 |  | December 15, 2021 |  | December 31, 2021 |  | $ | 1.47 |  |  | $ | 639 |
(a)Inclusive of dividends accrued for holders of unvested RSUs, which will be paid when and if the RSUs vest. See also note 17 for a discussion of the Company's common stock dividend declared in February 2022. Tax Treatment of Dividends The following table summarizes, for income tax purposes, the nature of dividends paid during 2021 on the Company's common stock .
Equity Type |  | Payment Date |  | Cash Distribution (per share) |  | Ordinary Taxable Dividend (per share) |  | Qualified Taxable Dividend (per share)(a) |  | Section 199A Dividend (per share) |  | Non-Taxable Distribution (per share)
Common Stock |  | March 31, 2021 |  | $ | 1.330000 |  |  | $ | 0.784306 |  |  | $ | 0.012321 |  |  | $ | 0.771985 |  |  | $ | 0.545694 |
Common Stock |  | June 30, 2021 |  | $ | 1.330000 |  |  | $ | 0.784306 |  |  | $ | 0.012321 |  |  | $ | 0.771985 |  |  | $ | 0.545694 |
Common Stock |  | September 30, 2021 |  | $ | 1.330000 |  |  | $ | 0.784306 |  |  | $ | 0.012321 |  |  | $ | 0.771985 |  |  | $ | 0.545694 |
Common Stock |  | December 31, 2021 |  | $ | 1.470000 |  |  | $ | 0.866865 |  |  | $ | 0.013617 |  |  | $ | 0.853248 |  |  | $ | 0.603135 |
(a)Qualified taxable dividend and section 199A dividend amounts are included in ordinary taxable dividend amounts. Purchases of the Company's Common Stock During the years ended December 31, 2021, 2020 and 2019, the Company purchased 0.4 million, 0.5 million and 0.4 million shares of common stock, respectively, utilizing $70 million, $76 million and $44 million in cash, respectively.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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