Stockholder's Equity (Tables)

12 Months Ended

Dec. 31, 2020

Stockholders' Equity Note [Abstract]

Summary of Stockholder's Equity Capital Accounts

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

	December 31, 2020	December 31, 2019
Preferred Stock, $1.00 par value:
Authorized shares	50,000,000	50,000,000
Issued shares	—	—
Outstanding shares	—	—
Common Stock, $1.00 par value:
Authorized shares	700,000,000	700,000,000
Issued shares	419,124,469	411,550,857
Outstanding shares	417,400,602	410,256,615

Preferred Stock

The following is a summary of our preferred stock activity during the periods presented:

	Year Ended
	December 31, 2020		December 31, 2019		December 31, 2018
		Weighted Avg.		Weighted Avg.		Weighted Avg.
	Shares	Dividend Rate	Shares	Dividend Rate	Shares	Dividend Rate
Beginning balance	—	—%	14,369,965	6.50%	14,370,060	6.50%
Shares converted	—	—%	(14,369,965)	6.50%	(95)	6.50%
Ending balance	—	—%	—	—%	14,369,965	6.50%

The following is a summary of our common stock activity during the periods indicated (dollars in thousands, except average price amounts):

	Shares Issued	Average Price		Gross Proceeds		Net Proceeds
2018 Dividend reinvestment plan issuances	6,529,417	$	65.55	$	428,009	$	423,075
2018 Option exercises	56,960	42.66		2,430		2,430
2018 Equity Shelf Program issuances	5,241,349	69.95		366,640		364,070
2018 Preferred stock conversions	83			—		—
2018 Stock incentive plans, net of forfeitures	115,243			—		—
2018 Totals	11,943,052			$	797,079	$	789,575
2019 Dividend reinvestment plan issuances	5,798,979	$	77.18	$	447,559	$	443,929
2019 Option exercises	10,736	51.32		551		551
2019 Equity Shelf Program issuances	7,855,956	78.15		613,948		611,645
2019 Preferred stock conversions	12,712,452			—		—
2019 Stock incentive plans, net of forfeitures	203,889			—		—
2019 Totals	26,582,012			$	1,062,058	$	1,056,125
2020 Dividend reinvestment plan issuances	264,153	$	72.33	$	19,105	$	19,105
2020 Option exercises	251	47.81		12		12
2020 Equity Shelf Program issuances	6,799,978	86.48		588,072		576,196
2020 Stock incentive plans, net of forfeitures	281,552			—		—
2020 Totals	7,345,934			$	607,189	$	595,313

Summary of Dividend Payments

The following is a summary of our dividend payments (in thousands, except per share amounts):

	Year Ended
	December 31, 2020				December 31, 2019				December 31, 2018
	Per Share		Amount		Per Share		Amount		Per Share		Amount
Common Stock	$	2.7000	$	1,120,187	$	3.4800	$	1,404,977	$	3.4800	$	1,300,141
Series I Preferred Stock	—		—		—		—		3.2500		46,704
Totals			$	1,120,187			$	1,404,977			$	1,346,845

Summary of Accumulated Other Comprehensive Income/(Loss)

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

	December 31, 2020		December 31, 2019
Foreign currency translation	$	(621,792)	$	(719,814)
Derivative and financial instruments designated as hedges	473,288		607,657
Total accumulated other comprehensive loss	$	(148,504)	$	(112,157)