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SHARE-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Activity for Shares
The following table summarizes activity relating to these carry units:
Number of Time
Vesting Awards
Weighted Average Grant Date Fair Value
Balance, December 31, 201937,518,750  $2.35  
Vested(10,975,000) 3.80  
Forfeited(212,500) 0.56  
Balance, March 31, 202026,331,250  $1.76  
Share-based Compensation, Stock Options, Activity
The following table summarizes activity related to the Company's employee stock options:
 Shares Under OptionWeighted Average
Exercise
Price Per Share
Weighted Average Remaining
Contractual Term
(in years)
Aggregate Intrinsic
Value (a)
Balance at December 31, 201914,083,741  $19.12  8.74$112,915  
Granted (b)25,761,736  28.36  
Exercised(116,597) 17.42  
Forfeited(1,022,960) 20.21  
Balance at March 31, 202038,705,920  25.25  9.3848,549  
Options exercisable at March 31, 2020
831,596  $17.73  7.59$3,834  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
Risk-free interest rate1.46%
Expected life (in years)6.38
Dividend yield—%
Volatility28.39%
Grant date fair value$7.74
Performance Based Vesting  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
Risk-free interest rate1.46%
Expected life (in years)4.00
Dividend yield—%
Volatility34.22%