XML 47 R37.htm IDEA: XBRL DOCUMENT v3.22.1
SHARE-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award The following table presents share-based compensation expense recognized by the Company and unrecognized compensation cost:
Share-Based Compensation
Unrecognized Compensation Cost As of March 31, 2022
Three Months Ended March 31,
20222021
Awards issued pursuant to LTIP:
Stock Option Awards$22,497 $24,223 $130,916 
Performance Stock Units2,026 2,982 40,931 
Restricted Share Units16,009 317 93,723 
Other awards— 759 — 
$40,532  $28,281 $265,570 
Share-based Compensation, Stock Options, Activity The following table summarizes activity related to stock options granted to Company employees:
 Shares Under OptionWeighted Average
Exercise
Price Per Share
Weighted Average Remaining
Contractual Term
(in years)
Aggregate Intrinsic
Value (a)
Balance at December 31, 202150,998,816 $22.51 8.29$6,801 
Granted1,284,633 14.01 
Forfeited(927,472)22.63 
Balance at March 31, 2022 (b)51,355,977 $22.30 7.96276 
Options exercisable at March 31, 202219,713,832 $24.23 6.36$— 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
Risk-free interest rate1.93%
Expected life (in years)6.16
Dividend yield—%
Volatility37.09%
Share-based Compensation Arrangements by Share-based Payment Award, Performance-Based Units, Vested and Expected to Vest
The following table summarizes activity related to performance stock units ("PSUs") granted to Company employees:
 Number of PSUs
Balance at December 31, 20216,361,894 
Forfeited(163,621)
Balance at March 31, 20226,198,273 
Nonvested Restricted Stock Shares Activity
The following table summarizes activity related to restricted share units granted to Company employees:
 Number of Units
Balance at December 31, 20216,617,837 
Granted416,484 
Forfeited(158,111)
Balance at March 31, 2022 (a)6,876,210 
(a)5,023,530 Restricted stock units are subject to shareholder approval of an increase of shares authorized to be issued pursuant to the 2017 LTIP.