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Employee Benefit Plans (Tables)

12 Months Ended

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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Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized.

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