Note 14 - Share-based Compensation

9 Months Ended

Sep. 30, 2024

Notes to Financial Statements

Share-Based Payment Arrangement [Text Block]

14. Share-Based Compensation

Total share-based compensation expense was $76 million and $202 million for the three and nine months ended September 30, 2024, respectively, and $57 million and $168 million for the three and nine months ended September 30, 2023, respectively.  

Incentive Stock Plans

Time-Based Restricted Stock and Restricted Stock Units

The following table summarizes the changes in non-vested time-based restricted stock and restricted stock units for the nine months ended September 30, 2024:

				Weighted
	Number			average
	of shares			grant-date
	(in thousands)			fair value
Non-vested shares and share units as of December 31, 2023		13,321		$	33.89
Granted		1,368			32.87
Vested		(5,363	)		35.88
Forfeited		(442	)		34.54
Non-vested shares and share units as of September 30, 2024		8,884		$	32.50

Performance-Based Restricted Stock Units

The following table summarizes the changes in non-vested performance-based restricted stock units for the nine months ended September 30, 2024:

				Weighted
	Number			average
	of shares			grant-date
	(in thousands)			fair value
Non-vested share units as of December 31, 2023		2,026		$	38.89
Granted		1,647			32.70
Vested		(1,134	)		41.63
Performance adjustments		1,331			32.81
Forfeited		(81	)		32.98
Non-vested share units as of September 30, 2024		3,789		$	33.31

Stock Options

The following table summarizes information concerning stock options as of  September 30, 2024 and the related activity for the nine months ended September 30, 2024:

						Weighted-
						average
				Weighted-		remaining		Aggregate
	Number			average		contractual		intrinsic
	of shares			exercise		term		value
	(in thousands)			price		(in years)		(in thousands)
Options outstanding as of December 31, 2023		7,499		$	23.82
Exercised		(2,519	)		22.64
Expired		(6	)		20.16
Options outstanding as of September 30, 2024		4,974			24.43		4.42	$	103,085
Options vested and exercisable as of September 30, 2024		4,974			24.43		4.42		103,085