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INCENTIVE PLANS
9 Months Ended
Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]  
INCENTIVE PLANS INCENTIVE PLANS
The Company has adopted the Sylvamo 2021 Incentive Compensation Plan, which includes shares under its long-term incentive plan (“LTIP”) that grants certain employees, consultants, or non-employee directors of the Company different forms of awards, including time-based and performance-based restricted stock units. As of September 30, 2023, 2,812,160 shares remain available for future grants.
Total stock-based compensation cost recognized by the Company was as follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
In millions
2023202220232022
Total stock-based compensation expense (included in selling and administrative expense)
$6 $$21 $16 
As of September 30, 2023, $21 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 1.4 years.