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Equity (Tables)
9 Months Ended
Sep. 30, 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
September 30,
Nine Months Ended
September 30,
September 30,
December 31,
202320222023202220232022
(in millions except shares and per share amounts)Liquidation Preference Per ShareShares
Dividends Declared Per Share(2)
Outstanding
5.650% Series A$1,000.00 — — 28.25 28.25 56.50 $— $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 — — — — $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.
(2)Dividend declared per share for the nine months ended September 30, 2023 reflects the dividend declared on the Series A Preferred Stock on March 14, 2023. The dividend was paid on June 15, 2023.