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COMMON STOCK AND SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2021
Common Stock And Share-Based Compensation [Abstract]  
Schedule of Compensation Expense for Share-based Incentive Awards The following table provides a summary of total share-based compensation expense recognized by PG&E Corporation for share-based incentive awards for 2021:
(in millions)
202120202019
Stock Options$— $$
Restricted stock units35 15 21 
Performance shares21 17 22 
Total compensation expense (pre-tax)$56 $35 $50 
Total compensation expense (after-tax)$40 $25 $35 
Summary of Stock Option Activity
The following table summarizes stock option activity for PG&E Corporation and the Utility for 2021:
Number of
Stock Options
Weighted Average Grant-
Date Fair Value
Weighted Average Remaining Contractual TermAggregate Intrinsic Value
Outstanding at January 12,221,247 $7.45 $— 
Granted (1)
— — — 
Exercised— — — 
Forfeited or expired(25,413)10.23 — 
Outstanding at December 312,195,834 7.42 4.33— 
Vested or expected to vest at December 312,195,834 7.42 4.33— 
Exercisable at December 312,195,834 $7.42 4.33$— 
(1) Represents additional payout of existing stock option grants.
Schedule of Restricted Stock Units The following table summarizes restricted stock unit activity for 2021:
Number of
Restricted Stock Units
Weighted Average Grant-
Date Fair Value
Nonvested at January 1890,353 $23.05 
Granted10,352,117 11.01 
Vested(743,672)25.20 
Forfeited(408,423)11.67 
Nonvested at December 3110,090,375 $11.00 
Schedule of Performance Shares
The following table summarizes activity for performance shares in 2021:
Number of
Performance Shares
Weighted Average Grant-
Date Fair Value
Nonvested at January 17,288,782 $9.16 
Granted2,714,645 11.83 
Vested— — 
Forfeited (1)
(1,436,418)11.35 
Nonvested at December 318,567,009 $9.64 
(1) Includes performance shares that expired with zero value as performance targets were not met.