XML 33 R22.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
INCENTIVE PLANS
 3 Months Ended
Mar. 31, 2024
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 March 31, 2024, 2,551,633 shares remain available for future grants.
Total stock-based compensation cost recognized by the Company was as follows:
Three Months Ended
March 31,
In millions
20242023
Total stock-based compensation expense (included in selling and administrative expense)
$7 $7 
As of March 31, 2024, $30 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.