Stockholder's Equity (Tables)

12 Months Ended

Dec. 31, 2021

Equity [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, 2021	December 31, 2020
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	448,998,438	419,124,469
Outstanding shares	447,239,477	417,400,602

Preferred Stock

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

	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
		Weighted Avg.		Weighted Avg.		Weighted Avg.
	Shares	Dividend Rate	Shares	Dividend Rate	Shares	Dividend Rate
Beginning balance	—	—%	—	—%	14,369,965	6.50%
Shares converted	—	—%	—	—%	(14,369,965)	6.50%
Ending balance	—	—%	—	—%	—	—%

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

	Shares Issued	Average Price		Gross Proceeds		Net Proceeds
2019 Dividend reinvestment plan issuances	5,798,979	$	77.18	$	447,559	$	443,929
2019 Option exercises	10,736	51.32		551		551
2019 ATM 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 ATM 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
2021 Option exercises	338	$	56.21	$	19	$	19
2021 ATM Program issuances	29,667,348	80.41		2,385,683		2,348,182
2021 Stock incentive plans, net of forfeitures	171,189			—		—
2021 Totals	29,838,875			$	2,385,702	$	2,348,201

Summary of Dividend Payments

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

	Year Ended
	December 31, 2021				December 31, 2020				December 31, 2019
	Per Share		Amount		Per Share		Amount		Per Share		Amount
Common Stock	$	2.44	$	1,037,194	$	2.70	$	1,120,187	$	3.48	$	1,404,977

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, 2021		December 31, 2020
Foreign currency translation	$	(674,306)	$	(621,792)
Derivative and financial instruments designated as hedges	552,990		473,288
Total accumulated other comprehensive income (loss)	$	(121,316)	$	(148,504)