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Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Unit Activity

The following tables summarizes the RSU and PRSU activity during the three months ended March 31, 2024:

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Grant Date

 

 

 

 

 

 

Grant Date

 

 

 

 

 

 

 

Fair Value

 

 

 

 

 

 

Fair Value

 

 

 

RSUs

 

 

 

Per Unit

 

 

PRSUs(1)

 

 

 

Per Unit

 

Balance as of December 31, 2023

 

 

8,174,812

 

 

$

 

9.78

 

 

 

28,041,674

 

 

$

 

11.25

 

Granted

 

 

4,603,556

 

 

 

 

8.99

 

 

 

6,310,482

 

 

 

 

8.83

 

Vested

 

 

(2,569,109

)

 

 

 

9.00

 

 

 

(19,755,498

)

 

 

 

12.28

 

Forfeited

 

 

(50,718

)

 

 

 

8.62

 

 

 

(175,350

)

 

 

 

8.73

 

Balance as of March 31, 2024

 

 

10,158,541

 

 

$

 

8.87

 

 

 

14,421,308

 

 

$

 

8.86

 

 

(1)
The number of PRSUs presented are based on actual or expected achievement of the respective performance goals as of the end of the period.
Schedule of Share-Based Compensation Costs Related to RSUs and PRSUs

Total share-based compensation expense 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,

 

 

 

 

2024

 

 

2023

 

Cost of services, exclusive of depreciation and amortization

 

 

$

 

5

 

 

$

 

7

 

Selling, general and administrative

 

 

 

 

23

 

 

 

 

27

 

Total share-based compensation expense

 

 

$

 

28

 

 

$

 

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