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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Summary of Stock Option Awards Outstanding

Stock option awards outstanding as of December 31, 2022 and 2021, and changes during the year ended December 31, 2022, were as follows:

 

 

Shares Under Option (thousands)

 

 

Weighted-Average Exercise Price

 

 

Weighted-Average Remaining Contractual Term (years)

 

 

Aggregated Intrinsic Value (millions)

 

Outstanding at December 31, 2021

 

 

562

 

 

$

18.30

 

 

 

5.9

 

 

$

16.2

 

Exercised

 

 

(22

)

 

 

18.42

 

 

 

 

 

 

0.4

 

Cancelled/forfeited/expired

 

 

(16

)

 

 

21.77

 

 

 

 

 

 

0.2

 

Outstanding at December 31, 2022

 

 

524

 

 

 

18.19

 

 

 

4.9

 

 

 

10.7

 

Vested and expected to vest at December 31, 2022

 

 

523

 

 

$

18.19

 

 

 

4.9

 

 

$

10.7

 

Vested and exercisable at December 31, 2022

 

 

485

 

 

$

18.51

 

 

 

4.8

 

 

$

9.8

 

Summary of Nonvested Restricted Stock Unit Awards

RSUs outstanding as of December 31, 2022 and 2021, and changes during the year ended December 31, 2022, were as follows:

 

 

Shares (thousands)

 

 

Weighted-Average Grant Date Fair Value

 

Nonvested at December 31, 2021

 

 

1,159

 

 

$

17.71

 

Granted

 

 

412

 

 

 

30.42

 

Vested

 

 

(558

)

 

 

15.74

 

Forfeited

 

 

(24

)

 

 

26.68

 

Nonvested at December 31, 2022

 

 

989

 

 

$

23.91

 

Summary of Nonvested Performance Share Units

PSUs outstanding as of December 31, 2022 and 2021, and changes during the year ended December 31, 2022, were as follows:

 

 

Shares (thousands)

 

 

Weighted-Average Grant Date Fair Value

 

Nonvested at December 31, 2021

 

 

953

 

 

$

16.77

 

Granted

 

 

359

 

 

 

26.96

 

Vested

 

 

(409

)

 

 

13.49

 

Nonvested at December 31, 2022

 

 

903

 

 

$

22.31

 

Schedule of Performance Period of Shares Award

PSU awards consist of four performance periods, including three annual performance periods and one three-year cumulative performance period.

Year Granted

 

Performance/ Service Period

 

Estimated or Actual Attainment

 

PSUs Outstanding as of December 31, 2022
(thousands)

 

 

Estimated PSU Attainment or Actual PSUs Earned
(thousands)

 

2022

 

2022

 

140% (a)

 

 

68

 

 

 

95

 

2022

 

2023

 

(b)

 

 

68

 

 

 

 

2022

 

2024

 

(b)

 

 

69

 

 

 

 

2022

 

2022-2024

 

100% (c)

 

 

69

 

 

 

69

 

 

 

 

 

 

 

 

274

 

 

 

164

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

2021

 

200% (a)

 

 

77

 

 

 

154

 

2021

 

2022

 

87% (a)

 

 

77

 

 

 

67

 

2021

 

2023

 

(b)

 

 

77

 

 

 

 

2021

 

2021-2023

 

182% (c)

 

 

77

 

 

 

140

 

 

 

 

 

 

 

 

308

 

 

 

361

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

2020

 

138% (a)

 

 

80

 

 

 

110

 

2020

 

2021

 

200% (a)

 

 

80

 

 

 

160

 

2020

 

2022

 

69% (a)

 

 

80

 

 

 

55

 

2020

 

2020-2022

 

146% (a)

 

 

81

 

 

 

118

 

 

 

 

 

 

 

 

321

 

 

 

443

 

___________

(a)
Amounts represent actual attainment and actual PSUs earned as the performance period is complete.
(b)
As the performance period has not yet commenced, expense is not being recognized.
(c)
Expense for the cumulative performance/service period is recognized at 100% of estimated attainment until the attainment expected by the end of the cumulative three-year performance period can be estimated, which generally occurs at the end of the second service year.