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Equity (Tables) | 9 Months Ended
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Sep. 30, 2023
Stockholders' Equity Note [Abstract] |
Summary of changes in equity | The following summarizes the changes in equity for the nine months ended September 30, 2023 and 2022 (dollars in thousands):
| Common stock |  | Additional paid-in capital |  | Accumulated earnings less dividends |  | Accumulated other comprehensive income (loss) |  | Total stockholder's equity |  | Noncontrolling interests |  | Total equity
Balance at December 31, 2022 | $ | 1,400 |  |  | $ | 10,765,431 |  |  | $ | 485,221 |  |  | $ | 1,424 |  |  | $ | 11,253,476 |  |  | $ | 77 |  |  | $ | 11,253,553 |
Net income attributable to common stockholders | — |  |  | — |  |  | 146,902 |  |  | — |  |  | 146,902 |  |  | — |  |  | 146,902 |
Loss on cash flow hedges, net | — |  |  | — |  |  | — |  |  | (340) |  |  | (340) |  |  | — |  |  | (340) |
Cash flow hedge losses reclassified to earnings | — |  |  | — |  |  | — |  |  | 354 |  |  | 354 |  |  | — |  |  | 354 |
Change in redemption value of redeemable noncontrolling interest | — |  |  | — |  |  | (286) |  |  | — |  |  | (286) |  |  | — |  |  | (286) |
Dividends declared to common stockholders ($1.65 per share) | — |  |  | — |  |  | (230,958) |  |  | — |  |  | (230,958) |  |  | — |  |  | (230,958) |
Issuance of common stock, net of withholdings | 1 |  |  | (11,554) |  |  | 1,590 |  |  | — |  |  | (9,963) |  |  | — |  |  | (9,963) |
Repurchase of common stock, including repurchase costs | — |  |  | (539) |  |  | (590) |  |  | — |  |  | (1,129) |  |  | — |  |  | (1,129) |
Amortization of deferred compensation | — |  |  | 11,123 |  |  | — |  |  | — |  |  | 11,123 |  |  | — |  |  | 11,123 |
Balance at March 31, 2023 | $ | 1,401 |  |  | $ | 10,764,461 |  |  | $ | 401,879 |  |  | $ | 1,438 |  |  | $ | 11,169,179 |  |  | $ | 77 |  |  | $ | 11,169,256 |
Net income attributable to common stockholders | — |  |  | — |  |  | 367,923 |  |  | — |  |  | 367,923 |  |  | — |  |  | 367,923 |
Gain on cash flow hedges, net | — |  |  | — |  |  | — |  |  | 8,826 |  |  | 8,826 |  |  | — |  |  | 8,826 |
Cash flow hedge losses reclassified to earnings | — |  |  | — |  |  | — |  |  | 354 |  |  | 354 |  |  | — |  |  | 354 |
Change in redemption value of redeemable noncontrolling interest | — |  |  | — |  |  | (367) |  |  | — |  |  | (367) |  |  | — |  |  | (367) |
Dividends declared to common stockholders ($1.65 per share) | — |  |  | — |  |  | (234,774) |  |  | — |  |  | (234,774) |  |  | — |  |  | (234,774) |
Issuance of common stock, net of withholdings | 19 |  |  | 494,643 |  |  | 43 |  |  | — |  |  | 494,705 |  |  | — |  |  | 494,705 |
Repurchase of common stock, including repurchase costs | — |  |  | (369) |  |  | (413) |  |  | — |  |  | (782) |  |  | — |  |  | (782) |
Amortization of deferred compensation | — |  |  | 10,424 |  |  | — |  |  | — |  |  | 10,424 |  |  | — |  |  | 10,424 |
Balance at June 30, 2023 | $ | 1,420 |  |  | $ | 11,269,159 |  |  | $ | 534,291 |  |  | $ | 10,618 |  |  | $ | 11,815,488 |  |  | $ | 77 |  |  | $ | 11,815,565 |
Net income attributable to common stockholders | — |  |  | — |  |  | 172,031 |  |  | — |  |  | 172,031 |  |  | — |  |  | 172,031 |
Gain on cash flow hedges, net | — |  |  | — |  |  | — |  |  | 15,502 |  |  | 15,502 |  |  | — |  |  | 15,502 |
Cash flow hedge losses reclassified to earnings | — |  |  | — |  |  | — |  |  | 354 |  |  | 354 |  |  | — |  |  | 354 |
Change in redemption value of redeemable noncontrolling interest | — |  |  | — |  |  | (564) |  |  | — |  |  | (564) |  |  | — |  |  | (564) |
Dividends declared to common stockholders ($1.65 per share) | — |  |  | — |  |  | (234,777) |  |  | — |  |  | (234,777) |  |  | — |  |  | (234,777) |
Issuance of common stock, net of withholdings | — |  |  | (28) |  |  | (1) |  |  | — |  |  | (29) |  |  | — |  |  | (29) |
Amortization of deferred compensation | — |  |  | 9,519 |  |  | — |  |  | — |  |  | 9,519 |  |  | — |  |  | 9,519 |
Balance at September 30, 2023 | $ | 1,420 |  |  | $ | 11,278,650 |  |  | $ | 470,980 |  |  | $ | 26,474 |  |  | $ | 11,777,524 |  |  | $ | 77 |  |  | $ | 11,777,601 |
| Common stock |  | Additional paid-in capital |  | Accumulated earnings less dividends |  | Accumulated other comprehensive income (loss) |  | Total stockholder's equity |  | Noncontrolling interests |  | Total equity
Balance at December 31, 2021 | $ | 1,398 |  |  | $ | 10,716,414 |  |  | $ | 240,821 |  |  | $ | (26,106) |  |  | $ | 10,932,527 |  |  | $ | 566 |  |  | $ | 10,933,093 |
Net income attributable to common stockholders | — |  |  | — |  |  | 262,044 |  |  | — |  |  | 262,044 |  |  | — |  |  | 262,044 |
Gain on cash flow hedges, net | — |  |  | — |  |  | — |  |  | 10,155 |  |  | 10,155 |  |  | — |  |  | 10,155 |
Cash flow hedge losses reclassified to earnings | — |  |  | — |  |  | — |  |  | 1,013 |  |  | 1,013 |  |  | — |  |  | 1,013 |
Change in redemption value of redeemable noncontrolling interest | — |  |  | — |  |  | (43) |  |  | — |  |  | (43) |  |  | — |  |  | (43) |
Noncontrolling interest distribution and income allocation | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (10) |  |  | (10) |
Dividends declared to common stockholders ($1.59 per share) | — |  |  | — |  |  | (222,373) |  |  | — |  |  | (222,373) |  |  | — |  |  | (222,373) |
Issuance of common stock, net of withholdings | 1 |  |  | (14,263) |  |  | (1,501) |  |  | — |  |  | (15,763) |  |  | — |  |  | (15,763) |
Amortization of deferred compensation | — |  |  | 9,176 |  |  | — |  |  | — |  |  | 9,176 |  |  | — |  |  | 9,176 |
Balance at March 31, 2022 | $ | 1,399 |  |  | $ | 10,711,327 |  |  | $ | 278,948 |  |  | $ | (14,938) |  |  | $ | 10,976,736 |  |  | $ | 556 |  |  | $ | 10,977,292 |
Net income attributable to common stockholders | — |  |  | — |  |  | 138,691 |  |  | — |  |  | 138,691 |  |  | — |  |  | 138,691 |
Gain on cash flow hedges, net | — |  |  | — |  |  | — |  |  | 7,759 |  |  | 7,759 |  |  | — |  |  | 7,759 |
Cash flow hedge losses reclassified to earnings | — |  |  | — |  |  | — |  |  | 1,013 |  |  | 1,013 |  |  | — |  |  | 1,013 |
Change in redemption value of redeemable noncontrolling interest | — |  |  | — |  |  | 168 |  |  | — |  |  | 168 |  |  | — |  |  | 168 |
Noncontrolling interest distribution and income allocation | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (6) |  |  | (6) |
Dividends declared to common stockholders ($1.59 per share) | — |  |  | — |  |  | (222,772) |  |  | — |  |  | (222,772) |  |  | — |  |  | (222,772) |
Issuance of common stock, net of withholdings | — |  |  | 1,683 |  |  | — |  |  | — |  |  | 1,683 |  |  | — |  |  | 1,683 |
Amortization of deferred compensation | — |  |  | 14,183 |  |  | — |  |  | — |  |  | 14,183 |  |  | — |  |  | 14,183 |
Balance at June 30, 2022 | $ | 1,399 |  |  | $ | 10,727,193 |  |  | $ | 195,035 |  |  | $ | (6,166) |  |  | $ | 10,917,461 |  |  | $ | 550 |  |  | $ | 10,918,011 |
Net income attributable to common stockholders | — |  |  | — |  |  | 494,747 |  |  | — |  |  | 494,747 |  |  | — |  |  | 494,747 |
Gain on cash flow hedges, net | — |  |  | — |  |  | — |  |  | 8,188 |  |  | 8,188 |  |  | — |  |  | 8,188 |
Cash flow hedge losses reclassified to earnings | — |  |  | — |  |  | — |  |  | 1,013 |  |  | 1,013 |  |  | — |  |  | 1,013 |
Change in redemption value of redeemable noncontrolling interest | — |  |  | — |  |  | (158) |  |  | — |  |  | (158) |  |  | — |  |  | (158) |
Noncontrolling interest distribution and income allocation | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 1 |
Dividends declared to common stockholders ($1.59 per share) | — |  |  | — |  |  | (222,753) |  |  | — |  |  | (222,753) |  |  | — |  |  | (222,753) |
Issuance of common stock, net of withholdings | — |  |  | (384) |  |  | 17 |  |  | — |  |  | (367) |  |  | — |  |  | (367) |
Amortization of deferred compensation | — |  |  | 11,906 |  |  | — |  |  | — |  |  | 11,906 |  |  | — |  |  | 11,906 |
Balance at September 30, 2022 | $ | 1,399 |  |  | $ | 10,738,715 |  |  | $ | 466,888 |  |  | $ | 3,035 |  |  | $ | 11,210,037 |  |  | $ | 551 |  |  | $ | 11,210,588 |

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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2 + Details
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