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Equity (Tables)
3 Months Ended
Mar. 31, 2023
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
March 31,
March 31,
December 31,
2023202220232022
(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 $393.9 $393.9 
6.500% Series B$25,000.00 20,000 812.50 812.50 $486.1 $486.1 
Series C(1)
$1,000.00 862,500 — — $666.5 $666.5 
(1)The Series C Mandatory Convertible Preferred Stock initially will not bear any dividends. We recorded the initial present value of the purchase contract payments as a liability with a corresponding reduction to preferred stock.