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Share-Based Compensation Expense (Tables)
6 Months Ended
Jun. 30, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Unit Activity

The following tables summarizes the unit activity related to the RSUs and PRSUs during the six months ended June 30, 2022:

 

 

 

 

 

Weighted

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average

 

 

 

 

 

Average

 

 

 

 

 

 

Grant Date

 

 

 

 

 

Grant Date

 

 

 

 

 

 

Fair Value

 

 

 

 

 

Fair Value

 

 

 

RSUs(1)

 

 

Per Unit

 

 

PRSUs(1)(2)

 

 

Per Unit

 

Balance as of December 31, 2021

 

 

7,148,416

 

 

$

 

12.27

 

 

 

16,743,113

 

 

$

 

11.20

 

Granted

 

 

4,809,866

 

 

 

 

9.07

 

 

 

10,009,102

 

 

 

 

11.30

 

Vested

 

 

(341,745

)

 

 

 

9.90

 

 

 

 

 

 

 

 

Forfeited

 

 

(684,059

)

 

 

 

11.96

 

 

 

(1,225,719

)

 

 

 

11.99

 

Balance as of June 30, 2022

 

 

10,932,478

 

 

$

 

10.94

 

 

 

25,526,496

 

 

$

 

11.14

 

 

(1) These share totals include both unvested shares and restricted stock units.

(2) PRSUs granted includes both new grants in the period as well as adjustments in the period to existing grants to account for the expected level of achievement of the performance-based vesting requirements.

Schedule of Share-Based Compensation Costs Related to RSUs and PRSUs

Total share-based compensation costs related to the RSUs and PRSUs are recorded in the Condensed Consolidated Statements of Comprehensive Income (Loss) as follows (in millions):

 

 

 

Successor

 

 

 

Predecessor

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

June 30,

 

 

June 30,

 

 

 

2022

 

 

2022

 

 

 

2021

 

 

2021

 

Cost of services, exclusive of depreciation and amortization

 

$

 

10

 

 

$

 

17

 

 

 

$

 

 

 

$

 

1

 

Selling, general and administrative

 

 

 

32

 

 

 

 

58

 

 

 

 

 

3

 

 

 

 

4

 

Total share-based compensation expense

 

$

 

42

 

 

$

 

75

 

 

 

$

 

3

 

 

$

 

5