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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Compensation Expense
Restricted stock compensation expense from continuing operations recorded in the Consolidated Statements of Operations is as follows:
 Year Ended December 31,
(in millions, except per share data)202420232022
Restricted stock compensation expense$36 $37 $28 
Restricted stock compensation expense, net of tax$27 $28 $21 
Schedule of Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity
A summary of the status of the Company’s nonvested restricted stock for employees and non-employee directors is as follows:
 Shares subject to restriction
(thousands)
Weighted average grant date fair value
Nonvested at January 1, 20222,363 $40.24 
Granted1,060 $44.32 
Vested(862)$38.68 
    Forfeited(188)$42.09 
Nonvested at December 31, 20222,373 $42.47 
Granted1,099 $48.19 
Vested(917)$39.80 
Forfeited(111)$44.63 
PHINIA Spin-Off awards transferred1
(389)$45.80 
PHINIA Spin-Off adjustment2
274 $— 
Nonvested at December 31, 20232,329 $40.57 
Granted1,317 $33.75 
Vested(923)$44.21 
Forfeited(198)$43.04 
Nonvested at December 31, 20242,525 $35.49 
________________
1 Represents the cancellation of awards outstanding as of Distribution Date held by PHINIA employees. PHINIA employees were granted PHINIA restricted stock after the Spin-Off replacing the cancelled awards.
2 Represents the adjustment of unvested awards using a conversion ratio of 1.13 to 1 to preserve the intrinsic value of the awards prior to Spin-Off as authorized by the 2023 Plan and 2018 Plan.
Schedule of Share-Based Payment Arrangement, Performance Shares, Activity
The amounts expensed and common stock issued from continuing operations for performance share units for the years ended December 31, 2024, 2023 and 2022 were as follows:
Year Ended December 31,
202420232022
Expense (in millions)Number of shares issued (in thousands)Expense (in millions)Number of shares issued (in thousands)Expense (in millions)Number of shares issued (in thousands)
Total Stockholder Return$257 $107 $— 
Other Performance-Based18 558 13 313 30 284 
Total$26 815 $21 420 $36 284 
A summary of the status of the Company’s nonvested performance share units for the years ended December 31, 2024, 2023 and 2022 were as follows:
Total Stockholder ReturnOther Performance-Based
Number of shares (in thousands)Weighted average grant date fair valueNumber of shares (in thousands)Weighted average grant date fair value
Nonvested at January 1, 2022259 $56.90 640 $42.14 
Granted138 $66.96 415 $44.33 
Vested(127)$28.55 (234)$34.73 
Forfeited(20)$59.87 (56)$43.35 
Nonvested at December 31, 2022250 $76.68 765 $45.51 
Granted135 $79.39 405 $48.06 
Vested(114)$70.39 (341)$45.14 
Forfeited(11)$68.66 (34)$44.96 
PHINIA Spin-Off awards transferred1
(22)$72.33 (67)$46.03 
PHINIA Spin-Off adjustment2
35 $— 106 $— 
Nonvested at December 31, 2023273 $71.37 834 $41.08 
Granted205 $46.54 616 $33.91 
Vested(104)$66.89 (315)$44.23 
Forfeited(37)$70.32 (111)$45.07 
Nonvested at December 31, 2024337 $57.72 1,024 $35.36 
________________
1 Represents the cancellation of awards outstanding as of Distribution Date held by PHINIA employees. PHINIA employees were granted PHINIA restricted stock after the Spin-Off replacing the cancelled awards.
2 Represents the adjustment of unvested awards using a conversion ratio of 1.13 to 1 to preserve the intrinsic value of the awards prior to Spin-Off as authorized by the 2023 Plan and 2018 Plan.