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Long-Term Incentive Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Equity-Classified Stock-Based Compensation Costs
The Company recorded the following costs related to long-term incentive compensation for the years ended December 31, 2022, 2021 and 2020:
(in millions)202220212020
Long-term incentive compensation – expensed$30 $30 $17 
Long-term incentive compensation – capitalized20 18 
The Company recognized the following amounts in employee equity-classified stock-based compensation costs for the years ended December 31, 2022, 2021 and 2020:
(in millions)202220212020
Equity-classified awards – expensed$$$
Equity-classified awards – capitalized$$— $
The Company recorded the following compensation costs related to equity-classified restricted stock grants for the years ended December 31, 2022, 2021 and 2020:
(in millions)202220212020
Restricted stock grants – general and administrative expense$$$
Restricted stock grants – capitalized expense$— $— $
The Company recorded the following compensation costs related to equity-classified restricted stock units for the years ended December 31, 2022, 2021 and 2020:
(in millions)202220212020
Restricted stock units – general and administrative expense$$— $— 
Restricted stock units – capitalized expense$$— $— 
(in millions)202220212020
Performance units – general and administrative expense$$— $— 
Performance units – capitalized expense$$— $— 
The Company recognized the following amounts in employee liability-classified stock-based compensation costs for the years ended December 31, 2022, 2021 and 2020:
(in millions)202220212020
Liability-classified stock-based compensation – expensed$20 $24 $12 
Liability-classified stock-based compensation awards – capitalized$11 $14 $
The Company recorded the following compensation costs related to performance cash awards for the years ended December 31, 2022 and 2021:
(in millions)202220212020
Performance cash awards – general and administrative expense$$$
Performance cash awards – capitalized expense$$$
Summary of Equity-Classified Stock Option Activity
The following tables summarize stock option activity for the years 2022, 2021 and 2020, and provide information for options outstanding at December 31 of each year:
202220212020
Number
of Shares
Weighted Average Exercise Price
Number
of Shares
Weighted Average Exercise Price
Number
of Shares
Weighted Average Exercise Price
(in thousands) (in thousands) (in thousands) 
Options outstanding at January 13,006 $8.98 3,850 $13.39 4,635 $15.26 
Granted— $— — $— — $— 
Exercised(893)$7.80 — $— — $— 
Forfeited or expired(1,116)$10.26 (844)$29.10 (785)$24.46 
Options outstanding at December 31997 $8.59 3,006 $8.98 3,850 $13.39 
Summary of Stock Options Outstanding and Options Exercisable
Options OutstandingOptions Exercisable
Range of
Exercise Prices
Options Outstanding at December 31, 2022Weighted Average Exercise PriceWeighted Average Remaining Contractual LifeOptions Exercisable at December 31, 2022Weighted Average Exercise PriceWeighted Average Remaining Contractual Life
(in thousands) (years)(in thousands) (years)
$8.59 - $8.60
997 $8.59 1.0997 $8.59 1.0
Summary of Equity-Classified Restricted Stock Activity
The following table summarizes the restricted stock activity for the years 2022, 2021 and 2020, and provides information for restricted stock outstanding at December 31 of each year:
202220212020
Number of
Shares
Weighted Average Fair Value
Number of
Shares
Weighted Average Fair Value
Number of
Shares
Weighted Average Fair Value
(in thousands) (in thousands) (in thousands) 
Unvested shares at January 1242 $5.12 697 $5.97 1,480 $7.00 
Granted231 $6.92 438 $5.18 584 $2.86 
Vested(262)$6.15 (893)$5.81 (1,098)$5.26 
Forfeited— $— — $8.59 (269)
(1)
$7.79 
Unvested shares at December 31211 $5.81 242 $5.12 697 $5.97 
(1)Includes 171,813 shares forfeited as a result of the reduction in workforce for the year ended December 31, 2020.
The following table summarizes equity-classified restricted stock unit activity to be paid out in Company stock for the years ended December 31, 2022, 2021 and 2020.
202220212020
Number
of Units
Weighted Average
Fair Value
Number
of Units
Weighted Average
Fair Value
Number
of Shares
Weighted Average
Fair Value
(in thousands)(in thousands)(in thousands)
Unvested Units at January 137 $3.05 134 $3.05 — $— 
Granted1,699 $4.45 — $— 186 $3.05 
Vested(22)$3.05 (92)$3.05 (42)$3.05 
Forfeited(69)$4.37 (5)$3.05 (10)$3.05 
Unvested Units at December 311,645 $4.44 37 $3.05 134 $3.05 
Summary of Equity-Classified Performance Units Activity
The following table summarizes equity-classified performance unit activity to be paid out in Company stock for the years ended December 31, 2022, 2021 and 2020, and provides information for unvested units as of December 31, 2022, 2021 and 2020:
202220212020
Number of
Units (1)
Weighted
Average Fair Value
Number of
Units (1)
Weighted
Average Fair Value
Number of
Units (1)
Weighted
Average Fair Value
(in thousands)(in thousands)(in thousands)
Unvested units at January 1— $— — $— 178 $10.47 
Granted850 $6.04 — $— — $— 
Vested— $— — $— (178)$10.47 
Forfeited(33)$6.04 — 

$— — $— 
Unvested shares at December 31817 $6.04 — $— — $— 
(1)These amounts reflect the number of performance units granted in thousands. The actual payout of shares ranged from a minimum of zero shares to a maximum of two shares per unit contingent upon TSR. The performance units had a three-year vesting term and the actual disbursement of shares, if any, was determined during the first quarter following the end of the three-year vesting period.
Schedule of Liability-Classified Stock-Based Compensation Costs
The Company recorded the following compensation costs related to liability-classified restricted stock unit grants for the years ended December 31, 2022, 2021 and 2020:
(in millions)202220212020
Restricted stock units – general and administrative expense$$12 $
Restricted stock units – capitalized expense$$$
The Company recorded the following compensation costs related to liability-classified performance unit grants for the years ended December 31, 2022, 2021 and 2020:
(in millions)202220212020
Liability-classified performance units – general and administrative expense$11 $12 $
Liability-classified performance units – capitalized expense$$$
Summary of Liability-Classified Restricted Stock Unit Activity
The following table summarizes restricted stock unit activity to be paid out in cash or Company stock for the years ended December 31, 2022, 2021 and 2020 and provides information for unvested units as of December 31, 2022, 2021 and 2020:
202220212020
Number
of Units
Weighted Average Fair ValueNumber
of Units
Weighted Average Fair ValueNumber
of Units
Weighted Average Fair Value
(in thousands) (in thousands)(in thousands)
Unvested units at January 17,937 $4.08 11,613 $2.67 12,992 $2.42 
Granted— $— 1,486 $4.23 6,172 $1.41 
Vested(3,817)$4.48 (4,522)$3.40 (3,960)$1.43 
Forfeited(170)$6.83 (640)
(1)
$4.56 (3,591)
(2)
$2.67 
Unvested units at December 313,950 $4.81 7,937 $4.08 11,613 $2.67 
(1)Includes 360,253 units related to the reduction in workforce for the year ended December 31, 2021.
(2)Includes 2,010,196 units related to the reduction in workforce for the year ended December 31, 2020.
Summary of Liability-Classified Performance Unit Activity
The following table summarizes liability-classified performance unit activity to be paid out in cash or stock for the years ended December 31, 2022, 2021 and 2020 and provides information for unvested units as of December 31, 2022, 2021 and 2020:
202220212020
Number
of Units
Weighted Average
Fair Value
Number
of Units
Weighted Average
Fair Value
Number
of Units
Weighted Average
Fair Value
(in thousands) (in thousands)(in thousands)
Unvested units at January 19,515 $2.88 8,699 $2.57 5,142 $2.42 
Granted3,798 $1.00 3,580 $4.14 6,172 $1.41 
Vested(1,910)$6.45 (2,020)$4.05 — $— 
Forfeited(421)$6.70 (744)$3.40 (2,615)
(1)
$3.05 
Unvested units at December 3110,982 $2.25 9,515 $2.88 8,699 $2.57 
(1)Includes 518,450 units related to the reduction in workforce for the year ended December 31, 2020.
Share-based Compensation, Liability-based Restricted Cash Units Nonvested Activity
The following table summarizes performance cash award activity to be paid out in cash for the years ended December 31, 2022 and 2021 and provides information for unvested units as of December 31, 2022 and 2021:
202220212020
Number
of Units
Weighted Average
Fair Value
Number
of Units
Weighted Average
Fair Value
Number
of Shares
Weighted Average
Fair Value
(in thousands)(in thousands)
Unvested units at January 128,272 $1.00 18,353 $1.00 — $— 
Granted24,416 $1.00 18,546 $1.00 20,044 $1.00 
Vested(8,786)$1.00 (4,955)$1.00 (100)$1.00 
Forfeited(3,908)$1.00 (3,672)
(1)
$1.00 (1,591)
(2)
$1.00 
Unvested Units at December 3139,994 $1.00 28,272 $1.00 18,353 $1.00 
(1) Includes 1,241,000 units related to the reduction in workforce for the year ended December 31, 2021.
(2) Includes 945,500 units related to the reduction in workforce for the year ended December 31, 2020.