STOCK COMPENSATION PLANS (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Share-based Payment Arrangement, Cost by Plan

As of December 31, 2023, the Company’s stock-based compensation consisted of restricted stock units, employee stock purchase plan and stock options. The Company recorded stock-based compensation expense in income (loss) from continuing operations for the years ended December 31 as follows:

In millions	2023		2022		2021
Restricted stock units	$	141	66		93
Stock options	3		15		20
Employee stock purchase plan	6		9		8
Stock-based compensation expense	$	150	$	90	$	121
Tax benefit	(7)		(5)		(8)
Total stock-based compensation (net of tax)	$	143	85		113

Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

The following table reports restricted stock unit activity during the year ended December 31, 2023:

Shares in thousands	Number of Units	Weighted Average Grant-Date Fair Value per Unit
Unvested shares as of January 1	15,676	$	17.93
Shares granted	3,859	$	16.25
Shares vested	(7,351)	$	19.75
Shares forfeited	(1,094)	$	18.58
Awards transferred to Atleos at Spin-Off	(3,868)	$	15.94
Unvested shares as of December 31	7,222	$	19.86

The following table represents the composition of restricted stock unit grants in 2023:

Shares in thousands	Number of Units	Weighted Average Grant-Date Fair Value
Service-based units	2,254	$	13.44
Performance-based units	1,605	$	20.32
Total restricted stock units	3,859	$	16.25

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The table below details the significant assumptions used in determining the fair value of the market-based restricted stock units granted on February 13, 2023:

Dividend yield	—	%
Risk-free interest rate	4.15	%
Expected volatility	55.90	%

The table below details the assumptions used in determining the fair value of the market-based restricted stock units.

Dividend yield	—	%
Risk-free interest rate	1.73	%
Expected volatility	59.26	%

The table below details the significant assumptions used in determining the fair value of the market-based restricted stock units granted on December 21, 2022:

Dividend yield	—	%
Risk-free interest rate	3.90	%
Expected volatility	64.93	%

Share-based Payment Arrangement, Option, Activity

The following table summarizes the Company’s stock option activity for the year ended December 31, 2023:

Shares in thousands	Shares Under Option	Weighted Average Exercise Price per Share		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in millions)
Outstanding as of January 1	8,696	$	19.57
Granted	470	$	23.59
Exercised	(122)	$	17.00
Forfeited or expired	(248)	$	35.04
Awards transferred to Atleos at Spin-Off	(470)	$	23.59
Outstanding as of December 31	8,326	$	19.09	2.30	$	4.44
Fully vested and expected to vest as of December 31	8,326	$	19.09	2.30	$	4.44
Exercisable as of December 31	8,326	$	19.09	2.30	$	4.44