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Long-term Incentive Compensation (Tables)
9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Stock-Based Compensation Costs
The Company recognized the following amounts in total related to long-term incentive compensation costs for the three and nine months ended September 30, 2022 and 2021:
For the three months ended September 30,For the nine months ended September 30,
(in millions)2022202120222021
Long-term incentive compensation – expensed$6 $$24 $30 
Long-term incentive compensation – capitalized$4 $$15 $15 
Schedule of Equity-Classified Stock-Based Compensation Costs
The Company recognized the following amounts in employee equity-classified stock-based compensation costs for the three and nine months ended September 30, 2022 and 2021:
For the three months ended September 30,For the nine months ended September 30,
(in millions)2022202120222021
Equity-classified awards – expensed$1 $— $4 $
Equity-classified awards – capitalized$ $— $ $— 
Summary of Equity-Classified Stock Option Activity
The following table summarizes equity-classified stock option activity for the nine months ended September 30, 2022 and provides information for options outstanding and options exercisable as of September 30, 2022:
Number
of Options
Weighted Average
Exercise Price
(in thousands) 
Outstanding at December 31, 20213,006 $8.98 
Granted— $— 
Exercised(893)$7.80 
Forfeited or expired(152)$26.35 
Outstanding at September 30, 20221,961 $8.17 
Exercisable at September 30, 20221,961 $8.17 
Summary of Equity-Classified Restricted Stock Activity The following table summarizes equity-classified restricted stock activity for the nine months ended September 30, 2022 and provides information for unvested shares as of September 30, 2022:
Number
of Shares
Weighted Average
Fair Value
(in thousands) 
Unvested shares at December 31, 2021242 $5.12 
Granted231 $6.92 
Vested(262)$6.15 
Forfeited— $— 
Unvested shares at September 30, 2022211 $5.81 
Summary of Equity-Classified Restricted and Performance Stock Units Activity The following table summarizes equity-classified restricted stock units for the nine months ended September 30, 2022 and provides information for unvested units as of September 30, 2022.
Number
of Shares
Weighted Average
Fair Value
(in thousands)
Unvested units at December 31, 202137 $3.05 
Granted1,699 $4.45 
Vested(22)$3.05 
Forfeited(22)$4.31 
Unvested units at September 30, 20221,692 $4.44 
Number
of Shares
Weighted Average
Fair Value
(in thousands)
Unvested units at December 31, 2021— $— 
Granted850 $6.04 
Vested— $— 
Forfeited(10)$6.04 
Unvested units at September 30, 2022840 $6.04 
Schedule of Liability-Classified Stock-Based Compensation Costs
The Company recognized the following amounts in employee liability-classified stock-based compensation costs for the three and nine months ended September 30, 2022:
For the three months ended September 30,For the nine months ended September 30,
(in millions)2022202120222021
Liability-classified stock-based compensation cost – expensed$3 $$15 $25 
Liability-classified stock-based compensation cost – capitalized$2 $$10 $12 
Summary of Liability-Classified Restricted Stock Unit Activity
Number
of Units
Weighted Average
Fair Value
(in thousands) 
Unvested units at December 31, 20217,937 $4.08 
Granted— $— 
Vested(3,817)$4.48 
Forfeited(58)$7.39 
Unvested units at September 30, 20224,062 $5.01 
Summary of Liability-Classified Performance Unit Activity
Number
of Units
Weighted Average
Fair Value
(in thousands) 
Unvested units at December 31, 20219,515 $2.88 
Granted3,798 $1.00 
Vested (1) 
(1,910)$6.45 
Forfeited(95)$7.35 
Unvested units at September 30, 202211,308 $2.32 
(1)The 2019 Performance Unit Awards were treated as liability classified awards given the ability to settle in cash or stock. Upon vesting in February 2022, the determination was made to settle in stock.
Schedule of Performance Cash Award Compensation Costs
The Company recognized the following amounts in performance cash award compensation costs for the three and nine months ended September 30, 2022 and 2021:
For the three months ended September 30,For the nine months ended September 30,
(in millions)2022202120222021
Performance cash awards – expensed$2 $— $5 $
Performance cash awards – capitalized$2 $— $5 $
Summary of Performance Cash Awards Activity
Number
of Units
Weighted Average Fair Value
(in thousands)
Unvested units at December 31, 202128,272 $1.00 
Granted24,416 $1.00 
Vested(8,752)$1.00 
Forfeited(2,950)$1.00 
Unvested units at September 30, 202240,986 $1.00