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INCENTIVE PLANS (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity
The following summarizes restricted stock unit and performance-based restricted stock unit activity for employees:
Restricted Stock UnitsPerformance-Based
Restricted Stock Units
Shares
Weighted
Average Grant
Date Fair Value
Shares
Weighted
Average Grant
Date Fair Value
Outstanding as of October 1, 2021— — — — 
Granted
664,569 28.51 — — 
Shares issued
— — — — 
Forfeited
— — — — 
Outstanding as of December 31, 2021
664,569 $28.51 — $— 
Granted
258,518 39.23 321,271 41.47 
Shares issued
(236,086)28.67 — — 
Forfeited
(36,272)31.36 (16,675)41.47 
Outstanding as of December 31, 2022
650,729 $32.55 304,596 $41.47 
Granted
287,79647.36 211,79151.00 
Shares issued
(300,594)31.87  
Forfeited
(10,625)42.94 (8,700)45.76 
Outstanding as of December 31, 2023
627,306 $39.50 507,687 $45.37 
Schedule of Stock Based Compensation Cost and Income Tax Benefits Recognized Total stock-based compensation cost and the associated income tax benefits recognized by the Company in the consolidated and combined statements of operations were as follows:
In millions
202320222021
Total stock-based compensation expense (included in selling and administrative expense)
$23 $20 $14 
Income tax benefit related to stock-based compensation
$7 $$