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Equity Incentive Plans (Tables)
9 Months Ended
Sep. 30, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of Nonvested Restricted Stock Units Activity
The following table summarizes activity related to our restricted stock units ("RSUs") under the LKQ Corporation 1998 Equity Incentive Plan (the "Equity Incentive Plan") for the nine months ended September 30, 2022 (in millions, except years and per share amounts):
Number Outstanding Weighted Average Grant Date Fair ValueWeighted Average Remaining Contractual Term (in years)
Aggregate Intrinsic Value(1)
Unvested as of January 1, 20221.4 $34.85 
Granted (2)
0.7 $49.04 
Vested(0.7)$37.03 
Forfeited / Canceled(0.1)$42.99 
Unvested as of September 30, 20221.3 $40.89 
Expected to vest after September 30, 20221.1 $41.23 2.8$52 
Schedule of Nonvested Performance-based Units Activity
The following table summarizes activity related to our performance-based RSUs ("PSUs") under the Equity Incentive Plan for the nine months ended September 30, 2022 (in millions, except years and per share amounts):

Number OutstandingWeighted Average Grant Date Fair ValueWeighted Average Remaining Contractual Term (in years)
Aggregate Intrinsic Value(1)
Unvested as of January 1, 20220.5 $31.96 
Granted (2)
0.1 $48.95 
Vested(0.2)$27.74 
Unvested as of September 30, 20220.4 $38.84 
Expected to vest after September 30, 20220.4 $38.81 1.2$18