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Equity-Based Compensation (Tables)
6 Months Ended
Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Equity-Based Compensation

The following table summarizes the Company’s equity-based compensation:

 

 

 

For the three months ended December 31,

 

 

For the six months ended December 31,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

 

(in millions)

 

Equity-based compensation(a)

 

$

42

 

 

$

12

 

 

$

74

 

 

$

33

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intrinsic value of all settled equity-based awards

 

$

3

 

 

$

8

 

 

$

6

 

 

$

110

 

 

(a)

Prior to the Distribution, equity-based compensation included allocated expense for both executive directors and corporate executives of 21CF, allocated using a proportional allocation driver, which management deemed to be reasonable.