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Shareholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2024
Equity [Abstract] |
Schedule of Common Stock Outstanding Roll Forward | The following table presents the rollforward of common shares used in calculating the weighted average shares utilized in the basic earnings per common share calculation for the periods indicated:
| Common Shares |
(shares in millions) | Issued |  | Held in Treasury |  | Outstanding |
Balance, January 1, 2023 | 97.8 |  |  | 0.6 |  |  | 97.2 |  |
Common shares issued | 9.7 |  |  | — |  |  | 9.7 |  |
Common shares acquired - share repurchase | — |  |  | 5.4 |  |  | (5.4) |  |
Share-based compensation | 2.1 |  |  | 0.7 |  |  | 1.4 |  |
Treasury stock retirement | (6.0) |  |  | (6.0) |  |  | — |  |
Balance, December 31, 2023 | 103.6 |  | 0.7 |  | 102.9 |  |
Common shares issued | — |  | * | — |  |  | — |  |
Common shares acquired - share repurchase | — |  |  | 4.9 |  |  | (4.9) |  |
Share-based compensation | 1.6 |  |  | 0.6 |  |  | 1.0 |  |
Balance, June 30, 2024 | 105.2 |  | 6.2 |  | 99.0 |
*Less than 0.1
Schedule of Dividends Declared | Dividends declared per share of common stock were as follows for the periods indicated:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Dividends declared per share of common stock | $ | 0.40 |  |  | $ | 0.20 |  |  | $ | 0.80 |  |  | $ | 0.40 |
on preferred stock per share and in the aggregate were as follows for the periods indicated:
|  | Series A |  | Series B
Three Months Ended June 30, |  | Per Share |  | Aggregate |  | Per Share |  | Aggregate
2024 |  | $ | — |  |  | $ | — |  |  | $ | 13.375 |  |  | $ | 4 |
2023 |  | — |  |  | — |  |  | 13.375 |  |  | 4 |
Six Months Ended June 30, |  |  |  |  |  |  |  |
2024 |  | 38.790 |  |  | 13 |  |  | 26.750 |  |  | 8 |
2023 |  | 30.625 |  |  | 10 |  |  | 26.750 |  |  | 8 |
Schedule of Preferred Stock Issued and Outstanding | referred stock issued and outstanding are as follows:
|  |  | June 30, 2024 |  |  | December 31, 2023
Series |  |  | Issued |  | Outstanding |  |  | Issued |  | Outstanding
7.758% Non-cumulative Preferred Stock, Series A |  |  | 325,000 |  |  | 325,000 |  |  |  | 325,000 |  |  | 325,000 |
5.35% Non-cumulative Preferred Stock, Series B |  |  | 300,000 |  |  | 300,000 |  |  |  | 300,000 |  |  | 300,000 |
Total |  |  | 625,000 |  |  | 625,000 |  |  |  | 625,000 |  |  | 625,000 |

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- Definition Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(27)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-4 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-5 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481142/505-10-45-2 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-10 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
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