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INCENTIVE PLANS
 6 Months Ended
Jun. 30, 2022
Share-based Payment Arrangement [Abstract]  
INCENTIVE PLANS INCENTIVE PLANS
International Paper had an Incentive Compensation Plan (“ICP”) prior to the spin-off. The ICP authorizes grants of restricted stock, restricted or deferred stock units, performance awards payable in cash or stock upon the attainment of specified performance goals, dividend equivalents, stock options, stock appreciation rights, other stock-based awards and cash-based awards at the discretion of the Management Development and Compensation Committee of the Board of Directors of International Paper (the “Committee”) that administers the ICP. Stock-based compensation expense until the spin-off on October 1, 2021, includes expense attributable to us based on the awards and terms previously granted to our employees and an allocation of International Paper’s corporate and shared functional expenses.
Subsequent to the spin-off, Sylvamo adopted the Sylvamo 2021 Incentive Compensation Plan, which includes shares available under its long-term incentive plan (“LTIP”) that grants certain employees or non-employee directors of the Company different forms of awards including time-based and performance-based restricted stock units. As of June 30, 2022, 3,212,359 shares remain available for future grants.
Total stock-based compensation cost recognized by the Company was as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
In millions
2022202120222021
Total stock-based compensation expense (included in selling and administrative expense)
$7 $4 $11 $7 
As of June 30, 2022, $25 million of compensation cost, net of estimated forfeitures, related to all stock-based compensation arrangements for Company employees had not yet been recognized. This amount will be recognized in expense over a weighted-average period of 1.6 years.