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Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Restricted Stock Activity Related to Stock Incentive Plan and Long-Term Incentive Plan The following table summarizes information about RSU activity:
 
Number of
Restricted
Stock Units
Weighted
Average Grant
Date Fair Value
Per Share
Non-vested at December 31, 20222,401,900 $7.48 
Granted1,522,111 8.20 
Vested(718,546)7.46 
Forfeited(170,020)7.29 
Non-vested at December 31, 20233,035,445 $7.86 
Granted1,391,412 9.45 
Vested(1,428,791)7.54 
Forfeited(152,195)8.46 
Non-vested at December 31, 2024
2,845,871 $8.76 
Schedule of Valuation Assumptions for PSUs Granted The fair value of the PSUs granted in 2023 and 2024 were estimated using the following assumptions:
Monte Carlo AssumptionsPSUs Granted in 2023PSUs Granted in 2024
Volatility85.01%41.35%
Dividend yield0.00%0.00%
Risk-free interest rate4.26%4.25%
Summary of Performance Stock Unit Activity Related to Stock Incentive Plan and Long-Term Incentive Plan
The following table summarizes information about PSU activity related to both the Stock Incentive Plan and the Long-Term Incentive Plan for each of the periods presented:
 
Number of
Performance
Stock Units
Weighted
Average Grant
Date Fair Value
Per Share
Non-vested at December 31, 20221,722,043$8.60 
Granted1,204,8319.37
Vested——
Forfeited(98,087)7.91
Non-vested at December 31, 20232,828,787 $8.80 
Granted1,171,88310.89
Vested(1,031,104)8.67
Forfeited(499,160)8.61
Non-vested at December 31, 2024
2,470,406 $9.89 
Summary of Impact to Consolidated and Combined Statement of Operations from RSUs and PSUs
The following table summarizes the impact to the Consolidated Statement of Operations from the Company's incentive awards:
 
Year Ended December 31,
 202420232022
(Dollars in millions)
RSUs$11 $9 $6 
PSUs12 5 5 
Stock-based compensation expense23 14 11 
Future income tax benefits recognized3 2 1