XML 75 R64.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Subsequent Events (Details) - USD ($)
3 Months Ended
May 01, 2024
Apr. 16, 2024
Apr. 01, 2024
Jun. 30, 2024
Mar. 31, 2024
Mar. 31, 2023
Apr. 11, 2024
Dec. 31, 2023
Cash-settled Stock Appreciation Rights                
Subsequent Event [Line Items]                
Remaining outstanding shares (in shares)         3,452,120     3,452,120
Pre-tax compensation expense         $ (1,000,000) $ 10,000,000    
Subsequent Event | Forecast                
Subsequent Event [Line Items]                
Reduction of deferred income tax assets       $ 5,000,000        
Increase in income taxes from changes to previously deductible expenses       5,000,000        
Subsequent Event | UL Standards & Engagement Liabrary Access | UL Solutions                
Subsequent Event [Line Items]                
Ownership percentage   80.60%            
Voting power   97.60%            
Subsequent Event | Payments Testing Business | Disposal Group, Disposed of by Sale, Not Discontinued Operations                
Subsequent Event [Line Items]                
Proceeds from sale $ 30,000,000              
Subsequent Event | Payments Testing Business | Disposal Group, Disposed of by Sale, Not Discontinued Operations | Forecast                
Subsequent Event [Line Items]                
Gain on sale of business       25,000,000        
Subsequent Event | Cash-settled Stock Appreciation Rights                
Subsequent Event [Line Items]                
Remaining outstanding shares (in shares)   118,904            
Subsequent Event | 2024 Long-Term Incentive Plan                
Subsequent Event [Line Items]                
Aggregate value of granted equity awards   $ 17,000,000            
Nonqualified stock options granted (in shares)   2,074,299            
Subsequent Event | 2024 Long-Term Incentive Plan | Revision of Prior Period, Adjustment | Forecast                
Subsequent Event [Line Items]                
Pre-tax compensation expense       9,000,000        
Subsequent Event | 2024 Long-Term Incentive Plan | Stock Appreciation Rights (SARs)                
Subsequent Event [Line Items]                
Decrease in shares upon conversion (in shares)   (1,978,761)            
Increase in shares upon conversion (in shares)   1,978,761            
Subsequent Event | 2024 Long-Term Incentive Plan | Cash-settled Stock Appreciation Rights                
Subsequent Event [Line Items]                
Expired CSARs (in shares)     1,334,640          
Decrease in shares upon conversion (in shares)   1,978,761            
Increase in shares upon conversion (in shares)   (1,978,761)            
Decrease in accrued compensation upon conversion   $ 25,000,000            
Increase in accrued compensation upon conversion   (25,000,000)            
Subsequent Event | 2024 Long-Term Incentive Plan | Cash-settled Stock Appreciation Rights | Forecast                
Subsequent Event [Line Items]                
Cash paid during the period for stock-based compensation       $ 18,000,000        
Subsequent Event | 2024 Long-Term Incentive Plan | Stock Appreciation Rights Reclassified                
Subsequent Event [Line Items]                
Decrease in accrued compensation upon conversion   (25,000,000)            
Increase in accrued compensation upon conversion   $ 25,000,000            
Subsequent Event | 2024 Long-Term Incentive Plan | Employee Stock Option                
Subsequent Event [Line Items]                
Expiration period   10 years            
Vesting period   3 years            
Subsequent Event | 2024 Long-Term Incentive Plan | Restricted Stock Units (RSUs)                
Subsequent Event [Line Items]                
Stock units granted (in shares) 711,256 22,486            
Vesting period   3 years            
Aggregate value $ 25,000,000              
Subsequent Event | 2024 Long-Term Incentive Plan | Performance Shares                
Subsequent Event [Line Items]                
Stock units granted (in shares) 382,455              
Vesting period   3 years            
Aggregate value $ 13,000,000              
Common Class A | Subsequent Event                
Subsequent Event [Line Items]                
Common stock authorized (in shares)             1,000,000,000  
Common Class A | Subsequent Event | 2024 Long-Term Incentive Plan                
Subsequent Event [Line Items]                
Stock reserved for issuance (in shares)   20,000,000            
Common Class A | Subsequent Event | IPO                
Subsequent Event [Line Items]                
Shares sold in IPO (in shares)   38,870,000            
Price per share for IPO (in dollars per share)   $ 28.00            
Proceeds from IPO   $ 0            
Common Class A | Subsequent Event | Over-Allotment Option                
Subsequent Event [Line Items]                
Shares sold in IPO (in shares)   5,070,000            
Common Class B | Subsequent Event                
Subsequent Event [Line Items]                
Common stock authorized (in shares)             500,000,000