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Share-Based Compensation Expense (Tables)
3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Unit Activity

The following tables summarizes the unit activity related to the RSUs and PRSUs during the three months ended March 31, 2023:

 

 

 

 

 

 

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, 2022

 

 

7,766,161

 

 

$

 

10.28

 

 

 

30,085,723

 

 

$

 

11.38

 

Granted

 

 

4,915,639

 

 

 

 

8.86

 

 

 

3,327,804

 

 

 

 

8.86

 

Vested

 

 

(1,754,312

)

 

 

 

9.24

 

 

 

-

 

 

 

 

 

Forfeited

 

 

(507,752

)

 

 

 

9.70

 

 

 

(1,596,278

)

 

 

 

9.44

 

Balance as of March 31, 2023

 

 

10,419,736

 

 

$

 

9.82

 

 

 

31,817,249

 

 

$

 

11.22

 

 

(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):

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

 

March 31,

 

 

March 31,

 

 

 

 

2023

 

 

2022

 

Cost of services, exclusive of depreciation and amortization

 

 

$

 

9

 

 

$

 

7

 

Selling, general and administrative

 

 

 

 

28

 

 

 

 

26

 

Total share-based compensation expense

 

 

$

 

37

 

 

$

 

33