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Employee Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2023
Retirement Benefits [Abstract] |
Schedule of Fair Value of TSR Performance RSUs | We estimated the fair value of the TSR Performance RSUs referred to above on the date of the grant using a Monte Carlo simulation with the following assumptions:
|  |  | Year Ended December 31, |  |
|  |  | 2022 |  | 2021 (1) |  |
Volatility of common stock |  |  | 35.55 | % |  | 42.71% - 45.80% |  |
Expected dividend yield |  |  | 0.00 | % |  | 0.00 | % |  |
Risk-free interest rate |  |  | 1.84 | % |  | 0.25% - 0.28% |  |
________________________________________________________________________________________________________________________________________ (1)2021 grants were made during different dates therefore a range of inputs is presented.
Schedule of Non-Vested Stock Awards | A summary of the status of our non-vested stock awards is presented in the table below:
| Shares/Units |  | Weighted Average Market Value Per Share
Balance at December 31, 2020 | 6,683,412 |  |  | $ | 47.99 |
Granted | 2,531,959 |  |  | 92.16 |
Performance award achievement adjustments | (189,930) |  |  | 49.76 |
Vested | (1,883,652) |  |  | 46.34 |
Forfeited | (292,998) |  |  | 55.80 |
Balance at December 31, 2021 | 6,848,791 |  |  | 64.10 |
Granted | 1,796,196 |  |  | 95.01 |
Performance award achievement adjustments | 409,851 |  |  | 77.99 |
Vested | (1,372,123) |  |  | 57.74 |
Forfeited | (269,636) |  |  | 79.33 |
Balance at December 31, 2022 | 7,413,079 |  |  | 73.67 |
Granted | 1,664,755 |  |  | 78.46 |
Performance award achievement adjustments | 365,965 |  |  | 81.14 |
Vested | (4,001,675) |  |  | 59.62 |
Forfeited | (221,545) |  |  | 81.14 |
Balance at December 31, 2023 | 5,220,579 |  |  | 86.17 |
Schedule of Amounts Recognized in Balance Sheet | The following table provides amounts recognized related to all of our defined benefit pension plans within the following captions on our consolidated balance sheets (dollars in millions):
| December 31,
| 2023 |  | 2022
Other assets, net | $ | 41 |  |  | $ | 56 |
Other liabilities | 85 |  |  | 80 |
Schedule of Expected Benefit Payments | The following table presents estimated future benefit payments as of December 31, 2023. We will fund these obligations from the assets held by these plans. If the assets these plans hold are not sufficient to fund these payments, the company will fund the remaining obligations (dollars in millions):
| 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | Thereafter
Estimated future benefit payments for defined benefit plans | $ | 49 |  |  | $ | 47 |  |  | $ | 48 |  |  | $ | 49 |  |  | $ | 51 |  |  | $ | 274 |

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