Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Equity Awards

Equity award units granted to employees:

(Units in Thousands)	2024		2023		2022
Granted units	658		586		395
Weighted average grant date fair value	$	63.02	$	67.06	$	68.43

Equity awards vested:

(Units in Thousands, Fair Value in Millions)	2024		2023		2022
Vested Units	282		329		319
Total Fair Value	$	19	$	20	$	22

Changes in the nonvested portion of equity award units:

(Units in Thousands)	Units	Weighted Average Grant Date Fair Value
Nonvested Units at Jan. 1, 2024	819	$	67.36
Granted	658	63.02
Forfeited	(111)	66.77
Vested	(282)	68.58
Dividend equivalents	55	66.16
Nonvested Units at Dec. 31, 2024	1,139	64.55

Stock Equivalent Unit Plan

Stock equivalent units granted:

(Units in Thousands)	2024		2023		2022
Granted units	44		38		29
Weighted average grant date fair value	$	57.03	$	63.12	$	71.97

Changes in stock equivalent units:

(Units in Thousands)	Units	Weighted Average Grant Date Fair Value
Stock equivalent units at Jan. 1, 2024	517	$	46.07
Granted	44	57.03
Units distributed	(52)	33.19
Dividend equivalents	19	58.15
Stock equivalent units at Dec. 31, 2024	528	48.68

TSR Liability Awards

Liability awards granted:

(In Thousands)	2024	2023	2022
Awards granted	193	216	165

Liability awards settled:

(Units In Thousands, Settlement Amount in Millions)	2024		2023		2022
Awards settled	—		282		411
Settlement amount (cash, common stock and deferred amounts)	$	—	$	19	$	27

Compensation costs related to share-based awards

Compensation costs related to share-based awards:

(Millions of Dollars)	2024		2023		2022
Cost for share-based awards (a)	$	30	$	27	$	36
Tax benefit recognized in income	8		7		9

(a)Compensation costs for share-based payments are included in O&M expense. Amount for equity awards (non-cash) was $33 million, $25 million and $20 million in 2024, 2023 and 2022, respectively.