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Consolidated Statement of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Stock (Par Value: $0.01)
Preferred Stock (Par Value: $0.01)
Paid-in Capital in Excess of Par
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Treasury Stock, at Cost
Accumulated Other Comprehensive Loss, Net of Tax
Balance at Dec. 31, 2018 $ 6,655,235   $ 4,904 $ 502,840 $ 6,099,940 $ 297,202   $ (161,998) $ (87,653)
Balance, shares at Dec. 31, 2018     473,536,604            
Shares issued for restricted stock, net of forfeitures         (16,501)     16,501  
Shares issued for restricted stock, net of forfeitures, shares     1,665,028            
Compensation expense related to restricted stock awards 23,937       23,937        
Net income 293,869         293,869      
Dividends paid on common stock ($0.17) (238,043)         (238,043)      
Dividends paid on preferred stock ($15.94) (24,621)         (24,621)      
Purchase of common stock (75,172)             (75,172)  
Purchase of common stock, shares     (7,850,772)            
Other comprehensive income, net of tax 59,802               59,802
Balance at Sep. 30, 2019 6,695,007   $ 4,904 502,840 6,107,376 328,407   (220,669) (27,851)
Balance, shares at Sep. 30, 2019     467,350,860            
Balance at Jun. 30, 2019 6,674,678   $ 4,904 502,840 6,099,474 316,921   (220,546) (28,915)
Balance, shares at Jun. 30, 2019     467,358,939            
Shares issued for restricted stock, net of forfeitures         (222)     222  
Shares issued for restricted stock, net of forfeitures, shares     22,980            
Compensation expense related to restricted stock awards 8,124       8,124        
Net income 99,046         99,046      
Dividends paid on common stock ($0.17) (79,353)         (79,353)      
Dividends paid on preferred stock ($15.94) (8,207)         (8,207)      
Purchase of common stock (345)             (345)  
Purchase of common stock, shares     (31,059)            
Other comprehensive income, net of tax 1,064               1,064
Balance at Sep. 30, 2019 6,695,007   $ 4,904 502,840 6,107,376 328,407   (220,669) (27,851)
Balance, shares at Sep. 30, 2019     467,350,860            
Balance at Dec. 31, 2019 $ 6,711,694 $ (10,468) [1] $ 4,904 502,840 6,115,487 342,023 $ (10,468) [1] (220,717) (32,843)
Balance, shares at Dec. 31, 2019     467,346,781            
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201613Member us-gaap:AccountingStandardsUpdate201613Member         us-gaap:AccountingStandardsUpdate201613Member    
Shares issued for restricted stock, net of forfeitures         (22,198)     22,198  
Shares issued for restricted stock, net of forfeitures, shares     2,321,105            
Compensation expense related to restricted stock awards $ 24,613       24,613        
Net income 321,445         321,445      
Dividends paid on common stock ($0.17) (236,851)         (236,851)      
Dividends paid on preferred stock ($15.94) (24,621)         (24,621)      
Purchase of common stock (59,002)             (59,002)  
Purchase of common stock, shares     (5,763,802)            
Other comprehensive income, net of tax 7,920               7,920
Balance at Sep. 30, 2020 6,734,730   $ 4,904 502,840 6,117,902 391,528   (257,521) (24,923)
Balance, shares at Sep. 30, 2020     463,904,084            
Balance at Jun. 30, 2020 6,693,013   $ 4,904 502,840 6,109,597 362,724   (257,232) (29,820)
Balance, shares at Jun. 30, 2020     463,933,831            
Compensation expense related to restricted stock awards 8,305       8,305        
Net income 115,770         115,770      
Dividends paid on common stock ($0.17) (78,759)         (78,759)      
Dividends paid on preferred stock ($15.94) (8,207)         (8,207)      
Purchase of common stock (289)             (289)  
Purchase of common stock, shares     (29,747)            
Other comprehensive income, net of tax 4,897               4,897
Balance at Sep. 30, 2020 $ 6,734,730   $ 4,904 $ 502,840 $ 6,117,902 $ 391,528   $ (257,521) $ (24,923)
Balance, shares at Sep. 30, 2020     463,904,084            
[1]

Amount represents a $10.5 million cumulative adjustment, net of tax, to retained earnings as of January 1, 2020, as a result of the adoption of ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which became effective January 1, 2020.