XML 61 R47.htm IDEA: XBRL DOCUMENT v3.24.0.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Restricted Stock, Restricted Stock Unit and Stock Option Activity The following table summarizes RSU and stock option activity:
RSUsStock Options
NumberWeighted
Average
Grant Date
Fair Value
Per Share		NumberWeighted
Average
Exercise Price
Per Share
Outstanding as of December 31, 20202,258,594 $21.765,752,932 $44.40
Granted596,391 18.67481,626 17.96
Forfeited or expired(132,713)18.78(659,216)58.37
Vested/exercised(810,560)30.83(84,416)8.81
Outstanding as of December 31, 20211,911,712 $17.165,490,926 $40.95
Granted415,356 22.36250,656 21.90
Forfeited or expired(2,937)25.55(846,621)61.46
Vested/exercised(957,640)22.01(217,397)15.20
Outstanding as of December 31, 20221,366,491 $15.334,677,564 $37.41
Granted432,654 34.88178,434 35.76
Forfeited or expired(4,897)35.76(525,994)61.06
Vested/exercised(869,753)13.21(198,455)12.64
Outstanding as of December 31, 2023924,495 $26.364,131,549 $35.52
Options exercisable as of December 31, 20233,514,925 $37.56
Remaining unvested options outstanding and expected to vest610,458 $23.93
During the first quarter of 2023, the following units were granted based upon the establishment of performance targets:
Performance-based Award Units Granted in 2023Weighted
Average
Grant Date
Fair Value
Per Share
2023 Performance Award Plan128,213$42.71
2022 Performance Award Plan142,319$35.87
2021 Performance Award Plan204,622$46.84
Schedule of Fair Value on Grant Date and Significant Assumptions used in Black-Scholes Option-Pricing Model
The grant date fair value of options and other significant assumptions follow:
202320222021
Weighted average grant date fair value$16.52$11.19$8.94
Expected life of options (in years)4.64.54.5
Risk-free interest rate4.0 %1.9 %0.7 %
Expected volatility50 %62 %62 %
Expected annual dividend per share$0.00$0.00$0.00
Summary of Information Related to Options Outstanding Information related to options outstanding as of December 31, 2023 follows:
 Options OutstandingOptions Exercisable
Range of Exercise PricesNumber
Outstanding		Weighted
Average
Remaining
Contractual
Life (In Years)		Weighted
Average
Exercise Price
Per Share		Number
Exercisable		Weighted
Average
Remaining
Contractual
Life (In Years)		Weighted
Average
Exercise Price
Per Share
$8.81 - $35.76
2,411,890 6.8$20.05 1,795,266 6.4$18.71 
$46.07 - $62.50
1,531,586 2.654.53 1,531,586 2.654.53 
$70.76 - $79.19
188,073 0.179.19 188,073 0.179.19 
4,131,549 4.9$35.52 3,514,925 4.4$37.56 
Disclosure of Compensation Arrangements by Share-based Payment Award
Location in Statement of OperationsDecember 31,
Compensation Expense (in millions)202320222021
SGI awardsG&A$34 $54 $67 
Performance-based awards for non-Section 16 executivesG&A21 14 1 
Liabilities (in millions)Location on Balance SheetDecember 31, 2023December 31, 2022
SGI awardsAccrued salaries, wages and benefits and
Other noncurrent liabilities 		$58 $92 
Performance-based awards for other executivesAccrued salaries, wages and benefits and
Other noncurrent liabilities		29 15