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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2022
Share-Based Payment Arrangement [Abstract] |
Schedule of Number of Common Shares Reserved for Issuance | The number of common shares reserved for issuance under the 2019 Plan are as follows:
(in millions) | December 31,
| 2022 |  | 2021
Shares available for granting 1 | 19.3 |  | 19.5
Options outstanding | 0.2 |  | 0.3
Total shares reserved for issuance | 19.5 |  | 19.8
1 Shares reserved for issuance under the Director Plan are less t han 1.0 million at both December 31, 2022 and 2021.
Schedule of Stock-based Compensation Expense | Stock-based compensation expense and the corresponding tax benefit are as follows:
(in millions) | Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Stock option expense | $ | — |  |  | $ | — |  |  | $ | — |
Restricted stock and other stock-based awards expense | 214 |  |  | 122 |  |  | 90 |
Total stock-based compensation expense | $ | 214 |  |  | $ | 122 |  |  | $ | 90 |
Tax benefit | $ | 38 |  |  | $ | 20 |  |  | $ | 15 |
Schedule of Stock Option Activity | Stock option activity is as follows:
(in millions, except per award amounts) | Shares |  | Weighted average exercise price |  | Weighted-average remaining years of contractual term |  | Aggregate intrinsic value
Options outstanding as of December 31, 2021 | 0.3 |  |  | $ | 67.14 |  |  |  |  |
Assumed 1 | — |  |  | $ | 97.29 |  |  |  |  |
Exercised | (0.1) |  |  | $ | 80.88 |  |  |  |  |
Options outstanding as of December 31, 2022 | 0.2 |  |  | $ | 68.02 |  |  | 1.01 |  | $ | 67 |
Options exercisable as of December 31, 2022 | 0.2 |  |  | $ | 68.02 |  |  | 1.01 |  | $ | 67 |
1 There are less than 0.1 million options that were assumed as part of the merger with IHS Markit.
Schedule of Stock Option Exercises | Information regarding our stock option exercises is as follows:
(in millions) | Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Net cash proceeds from the exercise of stock options | $ | 7 |  |  | $ | 13 |  |  | $ | 16 |
Total intrinsic value of stock option exercises | $ | 13 |  |  | $ | 41 |  |  | $ | 60 |
Income tax benefit realized from stock option exercises | $ | 4 |  |  | $ | 11 |  |  | $ | 13 |
Schedule of Restricted Stock and Unit Activity | Restricted stock and other stock-based award activity is as follows:
(in millions, except per award amounts) | Shares |  | Weighted-average grant-date fair value
Balance as of December 31, 2021 | 0.5 |  |  | $ | 299.28 |
Assumed | 0.9 |  |  | $ | 380.89 |
Granted | 0.7 |  |  | $ | 384.65 |
Vested | (0.4) |  |  | $ | 355.82 |
Forfeited | (0.1) |  |  | $ | 372.36 |
Balance as of December 31, 2022 | 1.6 |  |  | $ | 364.50 |
Total unrecognized compensation expense related to restricted awards | $ | 132 |  |  |
Weighted-average years to be recognized over | 1.5 |  |
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Weighted-average grant-date fair value per award | $ | 384.65 |  |  | $ | 296.49 |  |  | $ | 232.92 |
Total fair value of restricted stock and other stock-based awards vested | $ | 146 |  |  | $ | 243 |  |  | $ | 134 |
Tax benefit relating to restricted award activity | $ | 30 |  |  | $ | 48 |  |  | $ | 26 |

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- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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