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EARNINGS PER COMMON SHARE | 12 Months Ended
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Dec. 31, 2015
Earnings Per Share [Abstract] |
EARNINGS PER COMMON SHARE | The following table sets forth the comparison of basic and diluted earnings per common share:
| At and year ended December 31, | 2015 |  | 2014 |  | 2013 |
| Basic earnings per common share |  |  |  |  |  |
| Net income | $ | 641,631 |  |  | $ | 804,564 |  |  | $ | 727,465 |  |
| Less: amounts attributable from noncontrolling interests | — |  |  | (6,181 | ) |  | — |  |
| Less: preferred share dividends | 40,069 |  |  | 40,088 |  |  | 40,474 |  |
| Less: loss on repurchase of preferred shares | — |  |  | — |  |  | 3,081 |  |
| Net income available to common shareholders | $ | 601,562 |  |  | $ | 770,657 |  |  | $ | 683,910 |  |
| Weighted average common shares outstanding - basic(1) | 98,609 |  |  | 104,368 |  |  | 113,636 |  |
| Basic earnings per common share | $ | 6.10 |  |  | $ | 7.38 |  |  | $ | 6.02 |  |
| Diluted earnings per common share |  |  |  |  |  |
| Net income available to common shareholders | $ | 601,562 |  |  | $ | 770,657 |  |  | $ | 683,910 |  |
| Weighted average common shares outstanding - basic(1) | 98,609 |  |  | 104,368 |  |  | 113,636 |  |
| Share-based compensation plans | 1,020 |  |  | 1,345 |  |  | 1,692 |  |
| Weighted average common shares outstanding - diluted(1) | 99,629 |  |  | 105,713 |  |  | 115,328 |  |
| Diluted earnings per common share | $ | 6.04 |  |  | $ | 7.29 |  |  | $ | 5.93 |  |
| Anti-dilutive shares excluded from the dilutive computation | 165 |  |  | 282 |  |  | 250 |  |
(1) | On August 17, 2015, the Company entered into an Accelerated Share Repurchase (“ASR”) agreement (refer to Note 13 'Shareholders' Equity' for additional detail). The weighted-average number of shares outstanding used in the computation of basic and diluted earnings per share reflects the Company’s receipt of 4,149,378 shares delivered to the Company on August 20, 2015 under the Company's ASR agreement.

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