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Long-term Incentive Compensation (Tables)
3 Months Ended
Mar. 31, 2023
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 months ended March 31, 2023 and 2022:
For the three months ended March 31,
(in millions)20232022
Long-term incentive compensation – expensed$4 $11 
Long-term incentive compensation – capitalized$3 $
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 months ended March 31, 2023 and 2022:
For the three months ended March 31,
(in millions)20232022
Equity-classified awards – expensed$1 $
Equity-classified awards – capitalized$1 $— 
Summary of Equity-Classified Stock Option Activity
The following table summarizes equity-classified stock option activity for the three months ended March 31, 2023 and provides information for options outstanding and options exercisable as of March 31, 2023:
Number
of Options
Weighted Average
Exercise Price
(in thousands) 
Outstanding at December 31, 2022997 $8.59 
Granted— $— 
Exercised— $— 
Forfeited or expired(177)$8.60 
Outstanding at March 31, 2023820 $8.59 
Exercisable at March 31, 2023820 $8.59 
Summary of Equity-Classified Restricted Stock Activity The following table summarizes equity-classified restricted stock activity for the three months ended March 31, 2023 and provides information for unvested shares as of March 31, 2023:
Number
of Shares
Weighted Average
Fair Value
(in thousands) 
Unvested shares at December 31, 2022211 $5.81 
Granted— $— 
Vested(70)$5.15 
Forfeited— $— 
Unvested shares at March 31, 2023141 $6.14 
Summary of Equity-Classified Restricted and Performance Stock Units Activity The following table summarizes equity-classified restricted stock units for the three months ended March 31, 2023 and provides information for unvested units as of March 31, 2023.
Number
of Shares
Weighted Average
Fair Value
(in thousands)
Unvested units at December 31, 20221,645 $4.44 
Granted1,539 $4.83 
Vested(545)$4.45 
Forfeited— $— 
Unvested units at March 31, 20232,639 $4.67 
Number
of Shares
Weighted Average
Fair Value
(in thousands)
Unvested units at December 31, 2022817 $6.04 
Granted940 $6.12 
Vested— $— 
Forfeited— $— 
Unvested units at March 31, 20231,757 $6.08 
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 months ended March 31, 2023:
For the three months ended March 31,
(in millions)20232022
Liability-classified stock-based compensation cost – expensed$1 $
Liability-classified stock-based compensation cost – capitalized$ $
Summary of Liability-Classified Restricted Stock Unit Activity
Number
of Units
Weighted Average
Fair Value
(in thousands) 
Unvested units at December 31, 20223,950 $4.81 
Granted— $— 
Vested(2,206)$4.84 
Forfeited(3)$5.57 
Unvested units at March 31, 20231,741 $3.69 
Summary of Liability-Classified Performance Unit Activity
Number
of Units
Weighted Average
Fair Value
(in thousands) 
Unvested units at December 31, 202210,982 $2.25 
Granted5,136 $4.83 
Vested (1) 
(3,966)$6.13 
Forfeited— $— 
Unvested units at March 31, 202312,152 $1.09 
Schedule of Performance Cash Award Compensation Costs
The Company recognized the following amounts in performance cash award compensation costs for the three months ended March 31, 2023 and 2022:
For the three months ended March 31,
(in millions)20232022
Performance cash awards – expensed$2 $
Performance cash awards – capitalized$2 $
Summary of Performance Cash Awards Activity
Number
of Units
Weighted Average Fair Value
(in thousands)
Unvested units at December 31, 202239,994 $1.00 
Granted27,493 $1.00 
Vested(12,896)$1.00 
Forfeited(577)$1.00 
Unvested units at March 31, 202354,014 $1.00