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Employee Incentive Plans (Tables)
9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Amounts Recognized in Consolidated Financial Statements
Amounts recognized on the consolidated financial statements with respect to these plans are as follows (in millions):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2022202120222021
Cost of unit-based compensation charged to operating expense$1.3 $1.5 $4.1 $4.9 
Cost of unit-based compensation charged to general and administrative expense10.1 4.9 19.6 14.4 
Total unit-based compensation expense$11.4 $6.4 $23.7 $19.3 
Amount of related income tax benefit recognized in net income (1)$2.7 $1.5 $5.6 $4.5 
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(1)For the three and nine months ended September 30, 2022, the amount of related income tax benefit recognized in net income excluded $1.4 million of income tax benefit and $0.6 million of income tax expense, respectively, related to book-to-tax differences recorded upon the vesting of restricted units. For the three and nine months ended September 30, 2021, the amount of related income tax benefit recognized in net income excluded $0.2 million and $3.1 million of income tax expense, respectively, related to book-to-tax differences recorded upon the vesting of restricted units.
Schedule Of Restricted Stock Units Activity, ENLC A summary of the restricted incentive unit activity for the nine months ended September 30, 2022 is provided below:
Nine Months Ended
September 30, 2022
ENLC Restricted Incentive Units:Number of UnitsWeighted Average Grant-Date Fair Value
Non-vested, beginning of period7,507,471 $5.46 
Granted (1)2,461,950 8.83 
Vested (1)(2)(2,198,511)7.88 
Forfeited(348,431)7.13 
Non-vested, end of period7,422,479 $5.78 
Aggregate intrinsic value, end of period (in millions)$66.0  
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(1)Restricted incentive units typically vest at the end of three years. In March 2022, ENLC granted 193,935 restricted incentive units with a fair value of $1.7 million. These restricted incentives units vested immediately and are included in the restricted incentive units granted and vested line items.
(2)Vested units included 709,189 ENLC common units withheld for payroll taxes paid on behalf of employees.
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units, Vested and Fair Value Vested, ENLC A summary of the restricted incentive units’ aggregate intrinsic value (market value at vesting date) and fair value of units vested (market value at date of grant) for the three and nine months ended September 30, 2022 and 2021 is provided below (in millions):
Three Months Ended
September 30,
Nine Months Ended
September 30,
ENLC Restricted Incentive Units:2022202120222021
Aggregate intrinsic value of units vested$11.1 $1.5 $19.3 $5.4 
Fair value of units vested$6.1 $3.6 $17.3 $16.1 
Summary of Performance Units, ENLC
The following table presents a summary of the performance units:
Nine Months Ended
September 30, 2022
ENLC Performance Units:Number of UnitsWeighted Average Grant-Date Fair Value
Non-vested, beginning of period3,574,827 $6.40 
Granted1,204,882 11.60 
Vested (1)(1,265,207)10.94 
Forfeited(147,232)11.90 
Non-vested, end of period3,367,270 $6.31 
Aggregate intrinsic value, end of period (in millions)$29.9 
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(1)Vested units included 676,156 ENLC common units withheld for payroll taxes paid on behalf of employees.

A summary of the performance units’ aggregate intrinsic value (market value at vesting date) and fair value of units vested (market value at date of grant) for the nine months ended September 30, 2022 and 2021 is provided below (in millions).

 Three Months Ended
September 30,
Nine Months Ended
September 30,
ENLC Performance Units:2022202120222021
Aggregate intrinsic value of units vested$10.2 $— $15.8 $0.6 
Fair value of units vested$4.5 $— $15.5 $4.4 
Summary of Grant-Date Fair Values
The following table presents a summary of the grant-date fair value assumptions by performance unit grant date:
ENLC Performance Units:June 2022March 2022 (1)January 2021
Grant-date fair value$11.71 $11.90 $4.70 
Beginning TSR price$8.54 $8.83 $3.71 
Risk-free interest rate3.35 %2.15 %0.17 %
Volatility factor76.00 %75.00 %71.00 %
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(1)Excludes certain ENLC performance units awarded March 1, 2022 with vesting conditions based on performance metrics. The 88,863 ENLC performance units have a grant-date fair value of $8.90 and are scheduled to vest in February 2023.