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Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Equity Awards

Equity award units granted to employees:

(Units in Thousands)						2023						2022						2021
Granted units						586						395						421
Weighted average grant date fair value						$	67.06					$	68.43					$	66.03

Equity awards vested:

(Units in Thousands, Fair Value in Millions)						2023						2022						2021
Vested Units						329						319						392
Total Fair Value						$	20					$	22					$	27

Changes in the nonvested portion of equity award units:

(Units in Thousands)						Units						Weighted Average Grant Date Fair Value
Nonvested Units at Jan. 1, 2023						708						$	67.35
Granted						586						67.06
Forfeited						(184)						68.42
Vested						(329)						66.23
Dividend equivalents						38						67.65
Nonvested Units at Dec. 31, 2023						819						67.36

Stock Equivalent Unit Plan

Stock equivalent units granted:

(Units in Thousands)						2023						2022						2021
Granted units						38						29						31
Weighted average grant date fair value						$	63.12					$	71.97					$	68.15

Changes in stock equivalent units:

(Units in Thousands)						Units						Weighted Average Grant Date Fair Value
Stock equivalent units at Jan. 1, 2023						597						$	41.75
Granted						38						63.12
Units distributed						(134)						33.90
Dividend equivalents						16						64.95
Stock equivalent units at Dec. 31, 2023						517						46.07

TSR Liability Awards

Liability awards granted:

(In Thousands)						2023						2022						2021
Awards granted						216						165						221

Liability awards settled:

(Units In Thousands, Settlement Amount in Millions)						2023						2022						2021
Awards settled						282						411						446
Settlement amount (cash, common stock and deferred amounts)						$	19					$	27					$	27

Compensation costs related to share-based awards

Compensation costs related to share-based awards:

(Millions of Dollars)						2023						2022						2021
Cost for share-based awards (a)						$	27					$	36					$	31
Tax benefit recognized in income						7						9						8

(a)Compensation costs for share-based payments are included in O&M expense. Amount for equity awards (non-cash) was $25 million in 2023.

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock awards granted to nonemployee directors that were outstanding at the beginning and end of the year, and the number of awards that were granted, exercised or converted, forfeited, and expired during the year.

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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