Capital Stock (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Schedule of Stock by Class

The following table summarizes the dividends the Company has paid on its common stock during 2023, 2022 and 2021:

	Rate per share
	Base		Variable		Total		Total Dividends Paid (In millions)
2023:
First quarter	$	0.20	$	0.37	$	0.57	$	438
Second quarter	0.20		—		0.20		153
Third quarter	0.20		—		0.20		153
Fourth quarter	0.20		—		0.20		151
Total year-to-date	$	0.80	$	0.37	$	1.17	$	895
2022:
First quarter	$	0.15	$	0.41	$	0.56	$	455
Second quarter	0.15		0.45		0.60		484
Third quarter	0.15		0.50		0.65		519
Fourth quarter	0.15		0.53		0.68		533
Total year-to-date	$	0.60	$	1.89	$	2.49	$	1,991
2021:
First quarter	$	0.10	$	—	$	0.10	$	40
Second quarter	0.11		—		0.11		44
Third quarter	0.11		—		0.11		44
Fourth quarter(1)	0.13		0.67		0.80		651
Total year-to-date	$	0.45	$	0.67	$	1.12	$	779

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(1)Includes a special dividend of $0.50 per share on the Company’s common stock that was paid in connection with the completion of the Merger.

Schedule of Conversions of Stock

During the years ended December 31, 2023 and 2002, holders of a portion of the Preferred Stock elected to convert their Preferred Stock into Coterra common stock and cash as follows:

	2023		2022
Preferred stock converted into Coterra common stock	2,000		21,900
Coterra common stock issued	79,285		809,846
Cash paid for conversion (in millions)	$	1	$	10
Book value of preferred shares at conversion (in millions)	$	3	$	39