Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2015

Stockholders' Equity (Tables) [Abstract]

Summary of stockholder's equity capital accounts

The following is a summary of our stockholder’s equity capital accounts as of the dates indicated:

		December 31, 2015	December 31, 2014
Preferred Stock, $1.00 par value:
	Authorized shares	50,000,000	50,000,000
	Issued shares	25,875,000	25,875,000
	Outstanding shares	25,875,000	25,875,000
Common Stock, $1.00 par value:
	Authorized shares	700,000,000	700,000,000
	Issued shares	355,594,373	329,487,615
	Outstanding shares	354,777,670	328,790,066

Summary of preferred stock activity

	Year Ended
	December 31, 2015		December 31, 2014		December 31, 2013
		Weighted Avg.		Weighted Avg.		Weighted Avg.
	Shares	Dividend Rate	Shares	Dividend Rate	Shares	Dividend Rate
Beginning balance	25,875,000	6.500%	26,108,236	6.496%	26,224,854	6.493%
Shares converted	-	0.000%	(233,236)	6.000%	(116,618)	6.000%
Ending balance	25,875,000	6.500%	25,875,000	6.500%	26,108,236	6.496%

Summary of common stock issuances

Common Stock. The following is a summary of our common stock issuances during the periods indicated (dollars in thousands, except per share amounts):

	Shares Issued		Average Price		Gross Proceeds		Net Proceeds
May 2013 public issuance	23,000,000	$	73.50	$	1,690,500	$	1,630,281
2013 Dividend reinvestment plan issuances	3,429,928		62.78		215,346		215,346
2013 Option exercises	213,724		42.16		9,010		9,010
2013 Senior note conversions	988,007				-		-
2013 Preferred stock conversions	116,618				-		-
2013 Equity issued in acquisition of noncontrolling interest	1,108,917				-		-
2013 Totals	28,857,194			$	1,914,856	$	1,854,637
June 2014 public issuance	16,100,000	$	62.35	$	1,003,835	$	968,517
September 2014 public issuance	17,825,000		63.75		1,136,344		1,095,465
2014 Dividend reinvestment plan issuances	4,122,941		62.35		257,055		257,055
2014 Option exercises	498,549		45.79		22,831		22,831
2014 Preferred stock conversions	233,236				-		-
2014 Stock incentive plans, net of forfeitures	188,147				-		-
2014 Senior note conversions	258,542				-		-
2014 Totals	39,226,415			$	2,420,065	$	2,343,868
February 2015 public issuance	19,550,000	$	75.50	$	1,476,025	$	1,423,935
2015 Dividend reinvestment plan issuances	4,024,169		67.72		272,531		272,531
2015 Option exercises	249,054		47.35		11,793		11,793
2015 Equity Shelf Program issuances	696,070		69.23		48,186		47,463
2015 Stock incentive plans, net of forfeitures	137,837				-		-
2015 Senior note conversions	1,330,474				-		-
2015 Totals	25,987,604			$	1,808,535	$	1,755,722

Summary of dividend payments

The increase in dividends is primarily attributable to increases in our common shares outstanding as described above. Please refer to Notes 2 and 18 for information related to federal income tax of dividends. The following is a summary of our dividend payments (in thousands, except per share amounts)

	Year Ended
	December 31, 2015				December 31, 2014				December 31, 2013
	Per Share		Amount		Per Share		Amount		Per Share		Amount
Common Stock	$	3.30000	$	1,144,727	$	3.18000	$	969,661	$	3.06000	$	839,939
Series H Preferred Stock		-		-		0.00794		1		2.85840		930
Series I Preferred Stock		3.25000		46,719		3.25000		46,719		3.25000		46,719
Series J Preferred Stock		1.62510		18,687		1.62510		18,688		1.62510		18,687
Totals			$	1,210,133			$	1,035,069			$	906,275

Summary of accumulated other comprehensive income/(loss)

The following is a summary of accumulated other comprehensive income/(loss) for the periods presented (in thousands):

		Unrecognized gains (losses) related to:
		Foreign Currency Translation		Equity Investments		Actuarial losses		Cash Flow Hedges		Total
Balance at December 31, 2014	$	(74,770)	$	-	$	(1,589)	$	(650)	$	(77,009)
Other comprehensive income before reclassification adjustments		(10,714)		-		246		(2,626)		(13,094)
Reclassification amount to net income		-		-		-		1,860 (1)		1,860
Net current-period other comprehensive income		(10,714)		-		246		(766)		(11,234)
Balance at December 31, 2015	$	(85,484)	$	-	$	(1,343)	$	(1,416)	$	(88,243)
Balance at December 31, 2013	$	(17,631)	$	(389)	$	(1,452)	$	(5,059)	$	(24,531)
Other comprehensive income before reclassification adjustments		(56,611)		389		(137)		2,610		(53,749)
Reclassification amount to net income		(528)		-		-		1,799 (1)		1,271
Net current-period other comprehensive income		(57,139)		389		(137)		4,409		(52,478)
Balance at December 31, 2014	$	(74,770)	$	-	$	(1,589)	$	(650)	$	(77,009)
(1) Please see Note 11 for additional information.