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Stockholders' Equity | 12 Months Ended
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Dec. 31, 2024
Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] |
Stockholders' Equity | Equity 2021 "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 ("2021 ATM Program"). The Company terminated its previously outstanding 2021 ATM Program in March 2024 with the entire gross sales price of $750 million remaining unsold. 2024 "At-the-Market" Stock Offering Program In March 2024, 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 ("2024 ATM Program"). Sales under the 2024 ATM Program may be made by means of ordinary brokers' transactions on the New York Stock Exchange ("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 2024 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 2024 ATM Program. During the year ended December 31, 2024, 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 21, 2024 |  | March 15, 2024 |  | March 28, 2024 |  | $ | 1.565 |  |  | $ | 683 |
Common Stock |  | May 22, 2024 |  | June 14, 2024 |  | June 28, 2024 |  | $ | 1.565 |  |  | $ | 684 |
Common Stock |  | August 7, 2024 |  | September 13, 2024 |  | September 30, 2024 |  | $ | 1.565 |  |  | $ | 683 |
Common Stock |  | November 6, 2024 |  | December 13, 2024 |  | December 31, 2024 |  | $ | 1.565 |  |  | $ | 682 |
(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 March 2025. Tax Treatment of Dividends The following table summarizes, for income tax purposes, the nature of dividends paid during 2024 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 28, 2024 |  | $ | 1.565000 |  |  | $ | 0.884582 |  |  | $ | 0.018596 |  |  | $ | 0.865986 |  |  | $ | 0.680418 |
Common Stock |  | June 28, 2024 |  | $ | 1.565000 |  |  | $ | 0.884582 |  |  | $ | 0.018596 |  |  | $ | 0.865986 |  |  | $ | 0.680418 |
Common Stock |  | September 30, 2024 |  | $ | 1.565000 |  |  | $ | 0.884582 |  |  | $ | 0.018596 |  |  | $ | 0.865986 |  |  | $ | 0.680418 |
Common Stock |  | December 31, 2024 |  | $ | 1.565000 |  |  | $ | 0.884582 |  |  | $ | 0.018596 |  |  | $ | 0.865986 |  |  | $ | 0.680418 |
(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, 2024, 2023 and 2022, the Company purchased 0.3 million, 0.2 million and 0.4 million shares of its common stock, respectively, utilizing $33 million, $30 million and $65 million in cash, respectively. The shares of common stock purchased relate to shares withheld in connection with the payment of withholding taxes upon vesting of RSUs.

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