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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Manager
Independent Directors
Total Stockholders’ Equity
Total Stockholders’ Equity
Manager
Total Stockholders’ Equity
Independent Directors
Special Stock
Common Stock
Common Stock
Manager
Common Stock
Independent Directors
Additional Paid In Capital
Additional Paid In Capital
Manager
Additional Paid In Capital
Independent Directors
Accumulated Other Comprehensive Loss
Retained Earnings
Noncontrolling Interests
[2]
Balance (in shares) at Dec. 31, 2016             100 82,047,526 [1]                
Balance at Dec. 31, 2016 $ 3,148     $ 2,953             $ 2,089     $ (29) $ 893 $ 195
Issuance of shares, net of offering costs (in shares) [1]               78,343 948,147 9,595            
Issuance of shares, net of offering costs 6 $ 72 $ 1 6 $ 72 $ 1         6 $ 72 $ 1      
Issuance of shares pursuant to acquisition (in shares) [1]               1,650,104                
Issuance of shares pursuant to acquisition 125     125             125          
Issuance of shares pursuant to conversion of convertible senior notes (in shares) [1]               242                
Issuance of shares pursuant to conversion of convertible senior notes 0                              
Dividends to common stockholders [3] (453)     (453)             (453)          
Distributions to noncontrolling interests (4)                             (4)
Net adjustment to noncontrolling interest from acquisition 1                             1
Comprehensive (loss) income, net of taxes 455     450                   (1) 451 5
Balance (in shares) at Dec. 31, 2017             100 84,733,957 [1]                
Balance at Dec. 31, 2017 3,351     3,154             1,840     (30) 1,344 197
Issuance of shares, net of offering costs (in shares) [1]               1,916 1,054,896 9,435            
Issuance of shares, net of offering costs 0 48 1   48 1           48 1      
Issuance of shares pursuant to conversion of convertible senior notes (in shares) [1]               99                
Issuance of shares pursuant to conversion of convertible senior notes 0                              
Dividends to common stockholders [3] (379)     (379)             (379)          
Distributions to noncontrolling interests (4)                             (4)
Net adjustment to noncontrolling interest from acquisition [2] 1                              
Comprehensive (loss) income, net of taxes 99     141                   4 137 (42)
Balance (in shares) at Dec. 31, 2018             100 85,800,303 [1]                
Balance at Dec. 31, 2018 3,117     2,965             1,510     (30) 1,485 152
Issuance of shares, net of offering costs (in shares) [1]                 776,353 23,646            
Issuance of shares, net of offering costs   $ 31 $ 1   $ 31 $ 1           $ 31 $ 1      
Dividends to common stockholders [3] (344)     (344)             (344)          
Distributions to noncontrolling interests (3)                             (3)
Net adjustment to noncontrolling interest from dispositions (137)                             (137)
Comprehensive (loss) income, net of taxes 146     149                   (7) 156 (3)
Balance (in shares) at Dec. 31, 2019             100 86,600,302 [1]                
Balance at Dec. 31, 2019 $ 2,811     $ 2,802             $ 1,198     $ (37) $ 1,641 $ 9
[1]
The Company is authorized to issue 500,000,000 shares of common stock with a par value $0.001 per share.
[2]
Includes $141 million and $184 million of noncontrolling interest related to discontinued operations at December 31, 2018 and 2017, respectively. See Note 5, “Discontinued Operations and Dispositions”, for further discussions.
[3]
See Note 11, “Stockholder's Equity”, for discussion on cash dividends paid on shares for each period.