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Preferred Stock - Narrative (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
May 01, 2024
Dec. 31, 2023
Class of Stock [Line Items]          
Liquidation Amount $ 438   $ 438    
Carrying Amount $ 426   $ 426   $ 520
Series D preferred stock redemption   $ 494      
Preferred stock, issued (in shares) 16,750   16,750   26,750
Noncontrolling interest $ 295   $ 295   $ 295
Retained Earnings          
Class of Stock [Line Items]          
Series D preferred stock redemption $ 7 $ 0 $ 7    
Series A          
Class of Stock [Line Items]          
Liquidation Amount       $ 100  
Carrying Amount       $ 94  
Preferred Class A          
Class of Stock [Line Items]          
Preferred stock, issued (in shares) 300,000   300,000    
Preferred stock, liquidation preference per share (in dollars per share) $ 1,000   $ 1,000    
Basis spread on variable rate     1.11161%    
Annual Dividend Rate     3.75%    
Noncontrolling interest $ 295   $ 295   $ 295
Preferred Class A | Variable Rate Basis Spread, Percentage One          
Class of Stock [Line Items]          
Basis spread on variable rate     0.26161%    
Preferred Class A | Variable Rate Basis Spread, Percentage Two          
Class of Stock [Line Items]          
Basis spread on variable rate     0.85%    
Preferred Class B | FT Real Estate Securities Company, Inc.          
Class of Stock [Line Items]          
Preferred stock, liquidation preference per share (in dollars per share) $ 1,000,000   $ 1,000,000    
Annual Dividend Rate     9.50%    
Preferred stock issuance (in shares)     50    
Preferred Class B | FT Real Estate Securities Company, Inc. | Non Affiliates          
Class of Stock [Line Items]          
Preferred stock issuance (in shares)     47