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Equity (Tables)
 9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
Schedule of Stock by Class - Preferred The following table displays preferred dividends declared for the period by outstanding series of shares:
Three Months Ended
September 30,		Nine Months Ended
 September 30,		September
30,		December 31,
202120202021202020212020
(in millions except shares and per share amounts)Liquidation Preference Per ShareSharesDividends Declared Per ShareOutstanding
5.650% Series A$1,000.00 400,000 28.25 28.25 56.50 56.50 $393.9 $393.9 
6.500% Series B$25,000.00 20,000 406.25 406.25 1,625.00 1,625.00 $486.1 $486.1 
Series C(1)
$1,000.00 862,500 — — — — $839.8 $— 
(1)The Series C Mandatory Convertible Preferred Stock initially will not bear any dividends.
Schedule of Series A Equity Units
Selected information about the Equity Units is presented below:
(in millions except contract rate)Issuance DateUnits Issued
Total Net Proceeds(1)
Purchase Contract Annual Rate
Purchase Contract Liability(2)
Equity UnitsApril 19, 20218.625$835.5 7.75 %$168.8 
(1)Issuance costs of $27.0 million were recorded on a relative fair value basis as a reduction to preferred stock of $22.5 million and a reduction to the purchase contract liability of $4.5 million.
(2)Cash payments of $16.7 million and $24.5 million were made during the three and nine months ended September 30, 2021. The purchase contract liability was $145.4 million at September 30, 2021