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STOCK COMPENSATION PLANS (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Arrangement, Cost by Plan As of December 31, 2024, 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 millions202420232022
Restricted stock units$36 131 60 
Stock options 15 
Employee stock purchase plan4 
Stock-based compensation expense$40 $140 $84 
Tax benefit(4)(7)(5)
Total stock-based compensation (net of tax)$36 133 79 
Schedule of 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, 2024:
Shares in thousandsNumber of UnitsWeighted Average Grant-Date Fair Value per Unit
Unvested shares as of January 17,222 $19.96 
Shares granted5,665 $12.97 
Shares vested(3,260)$18.73 
Shares forfeited(1,562)$14.82 
Unvested shares as of December 318,065 $16.31 
The following table represents the composition of restricted stock unit grants in 2024:
Shares in thousandsNumber of UnitsWeighted Average Grant-Date Fair Value
Service-based units3,723 $12.49 
Performance-based units1,942 $13.82 
Total restricted stock units5,665 $12.97 
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 November 8, 2024:
Dividend yield %
Risk-free interest rate4.09 %
Expected volatility46.53 %
The table below details the significant assumptions used in determining the fair value of the market-based restricted stock units granted on March 15, 2024:
Dividend yield %
Risk-free interest rate4.44 %
Expected volatility60.37 %
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 rate4.15 %
Expected volatility55.90 %
The table below details the assumptions used in determining the fair value of the market-based restricted stock units.
Dividend yield %
Risk-free interest rate1.73 %
Expected volatility59.26 %
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 rate3.90 %
Expected volatility64.93 %
Schedule of Share-based Payment Arrangement, Option, Activity
The following table summarizes the Company’s stock option activity for the year ended December 31, 2024:
Shares in thousandsShares Under OptionWeighted Average Exercise Price per ShareWeighted Average Remaining Contractual Term (in years)Aggregate Intrinsic Value
(in millions)
Outstanding as of January 18,326 $19.09 
Granted— — 
Exercised(354)11.51 
Forfeited or expired(1,200)20.63 
Outstanding as of December 316,772 $19.18 1.41$1.03 
Fully vested and expected to vest as of December 316,772 $19.18 1.41$1.03 
Exercisable as of December 316,772 $19.18 1.41$1.03