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Share Capital (Tables)
 12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Movements In Shares Issued And Outstanding The number of preferred shares issued and outstanding is represented in the table below:
As of
in millionsDecember 31, 2020December 31, 2019
Preferred shares issued (1)
4.04.0
Preferred shares outstanding (1)
4.04.0
__________
(1)    Shares held by MassMutual and are subject to a lock-up period of five years, which disallows the sale of shares by MassMutual during the five-year period beginning on the original issue date of May 24, 2019.
The number of common shares and common share equivalents issued are represented in the table below:
In millionsDecember 31, 2020December 31, 2019December 31, 2018
Common shares issued566.1 566.1 490.4 
Less: Treasury shares for which dividend and voting rights do not apply
(107.0)(112.8)(93.3)
Common shares outstanding459.1 453.3 397.1 
Movements In Treasury Shares
Movements in Treasury Shares comprise:
Year ended
In millionsDecember 31, 2020December 31, 2019December 31, 2018
Beginning balance128.2 103.0 92.4 
Acquisition of common shares3.4 34.7 16.0 
Distribution of common shares(9.3)(9.2)(5.2)
Common shares distributed to meet ESPP obligation(0.7)(0.3)(0.2)
Ending balance121.6 128.2 103.0 
Schedule of Forward Contracts Indexed to Issuer's Equity [Table Text Block]
During the year ended December 31, 2019, the company entered into three forward contracts to purchase its common shares. The details of the forward contracts for the years ended December 31, 2020 and December 31, 2019, respectively, are as follows:
Year ended December 31, 2020
In millions, except strike priceCommon Shares PurchasedInitial Strike PriceForward priceHedge Completion DateTotal Treasury Shares RecordedSettlement DateTotal Liability Recorded
$200 million - entered on May 13, 2019
9.8 $20.51 $ 12.0005/30/2019$198.7 01/04/2021$117.0 
$200 million - entered on July 2, 2019
10.0 $20.00 $ 12.0007/30/2019$193.7 04/01/2021$119.4 
$100 million - entered on August 27, 2019
6.0 $16.59 $ 12.0009/27/2019$102.6 04/01/2021$72.6 
25.8 $495.0 $309.0 
Year ended December 31, 2019
In millions, except strike priceCommon Shares PurchasedInitial Strike PriceForward PriceHedge Completion DateTotal Treasury Shares RecordedSettlement DateTotal Liability Recorded
$200 million - entered on May 13, 20199.8 $20.51 $20.51 05/30/2019$198.7 01/04/2021$199.1 
$200 million - entered on July 2, 201910.0 $20.00 $20.00 07/30/2019$193.7 04/01/2021$195.3 
$100 million - entered on August 27, 20196.0 $16.59 $16.59 09/27/2019$102.6 04/01/2021$102.1 
25.8 $495.0 $496.5