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Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2018
Stock-Based Compensation [Abstract]  
Schedule of Stock-Based Compensation Costs





 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

For the three months ended June 30,

 

For the six months ended June 30,

(in millions)

 

2018

 

2017

 

2018

 

2017

Stock-based compensation cost – expensed (1)

 

$

 8 

 

$

 6 

 

$

 13 

 

$

 12 

Stock-based compensation cost – capitalized (2)

 

$

 4 

 

$

 4 

 

$

 7 

 

$

 8 



(1)

Does not include approximately $1 million for the three and six months ended June 30, 2018 related to the unvested portion of share-based awards that were forfeited as a result of the reduction in workforce.  These costs are reflected in restructuring charges on the unaudited condensed consolidating statements of operations.



(2)

Does not include approximately $1 million for the three and six months ended June 30, 2018 related to the unvested portion of share-based awards that were forfeited as a result of the reduction in workforce.  These costs were reclassified from capitalization and are reflected in restructuring charges on the unaudited condensed consolidating statements of operations.
Schedule of Equity-Classified Stock-Based Compensation Costs





 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

For the three months ended June 30,

 

For the six months ended June 30,

(in millions)

 

2018

 

2017

 

2018

 

2017

Equity-classified awards – expensed (1)

 

$

 5 

 

$

 6 

 

$

 9 

 

$

 12 

Equity-classified awards – capitalized (2)

 

$

 1 

 

$

 4 

 

$

 4 

 

$

 8 



(1)

Does not include approximately $1 million for the three and six months ended June 30, 2018 related to the unvested portion of share-based awards that were forfeited as a result of the reduction in workforce.  These costs are reflected in restructuring charges on the unaudited condensed consolidating statements of operations.



(2)

Does not include approximately $1 million for the three and six months ended June 30, 2018 related to the unvested portion of share-based awards that were forfeited as a result of the reduction in workforce.  These costs were reclassified from capitalization and are reflected in restructuring charges on the unaudited condensed consolidating statements of operations.
Summary of Equity-Classified Stock Option Activity



 

 

 

 

 



 

Number

 

Weighted Average



 

of Options

 

Exercise Price



 

(in thousands)

 

 

 

Outstanding at December 31, 2017

 

 6,020 

 

$

 19.43 

Granted

 

–  

 

 

–  

Exercised

 

–  

 

 

–  

Forfeited or expired

 

 (10)

 

 

 39.67 

Outstanding at June 30, 2018

 

 6,010 

 

 

 19.39 

Exercisable at June 30, 2018

 

 4,377 

 

 

 23.76 



Summary of Equity-Classified Restricted Stock Activity



 

 

 

 

 



 

 

 

 

 



 

Number

 

Weighted Average



 

of Shares

 

Fair Value



 

(in thousands)

 

 

 

Unvested shares at December 31, 2017

 

 6,254 

 

$

 8.85 

Granted

 

 313 

 

 

 4.67 

Vested

 

 (1,472)

 

 

 8.36 

Forfeited (1)

 

 (907)

 

 

 9.03 

Unvested shares at June 30, 2018

 

 4,188 

 

 

 8.67 

(1)

Includes 609,347 shares forfeited as a result of the reduction in workforce.
Summary of Equity-Classified Performance Units Activity



 

 

 

 

 



 

 

 

 

 



 

Number

 

Weighted Average



 

of Units (1)

 

Fair Value



 

(in thousands)

 

 

 

Unvested units at December 31, 2017

 

 1,084 

 

$

 10.12 

Granted

 

–  

 

 

–  

Vested

 

 (290)

 

 

 10.47 

Forfeited (2)

 

 (99)

 

 

 9.92 

Unvested units at June 30, 2018

 

 695 

 

 

 10.01 

(1)

These amounts reflect the number of performance units granted in thousands.  The actual payout of shares may range from a minimum of zero shares to a maximum of two shares per unit contingent upon TSR.  The performance units have a three-year vesting term and the actual disbursement of shares, if any, is determined during the first quarter following the end of the three-year vesting period.



(2)

Includes 80,512 units forfeited as a result of the reduction in workforce.
Schedule of Liability-Classified Stock-Based Compensation Costs







 

 

 

 

 

 



 

For the three months

 

For the six months



 

ended June 30,

 

ended June 30,

(in millions)

 

2018

 

2018

Liability-classified stock-based compensation cost – expensed (1)

 

$

 3 

 

$

 4 

Liability-classified stock-based compensation cost – capitalized (2)

 

$

 3 

 

$

 3 



(1)

Does not include approximately $421,000 for the three and six months ended June 30, 2018 related to the unvested portion of share-based awards that were forfeited as a result of the reduction in workforce.  These costs are reflected in restructuring charges on the unaudited condensed consolidating statements of operations.



(2)

Does not include approximately $438,000 for the three and six months ended June 30, 2018 related to the unvested portion of share-based awards that were forfeited as a result of the reduction in workforce.  These costs were reclassified from capitalization and are reflected in restructuring charges on the unaudited condensed consolidating statements of operations.
Summary of Liability-Classified Restricted Stock Unit Activity



 

 

 

 

 



 

Number

 

Weighted Average



 

of Units

 

Fair Value



 

(in thousands)

 

 

 

Unvested shares at December 31, 2017

 

–  

 

$

–  

Granted

 

 12,216 

 

 

 3.69 

Vested

 

 (180)

 

 

 3.69 

Forfeited (1)

 

 (1,834)

 

 

 5.12 

Unvested units at June 30, 2018

 

 10,202 

 

 

 5.30 

(1)

Includes 1,441,200 units cancelled as a result of the reduction in workforce.
Summary of Liability-Classified Performance Unit Activity



 

 

 

 

 



 

Number

 

Weighted Average



 

of Shares

 

Fair Value



 

(in thousands)

 

 

 

Unvested shares at December 31, 2017

 

–  

 

$

–  

Granted

 

 3,200 

 

 

 3.70 

Vested

 

–  

 

 

–  

Forfeited (1)

 

 (156)

 

 

 4.90 

Unvested units at June 30, 2018

 

 3,044 

 

 

 5.30 

(1)

Includes 155,730 units forfeited as a result of the reduction in workforce.