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Stock-based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract] |
Summary of Restricted Stock Awards Activity | The following is a summary of the RSU activity during the year ended December 31, 2024.
| RSUs
| (In millions)
Outstanding at the beginning of year | 3 |
Granted | 1 |
Vested | (1) |
Forfeited | — |
Outstanding at end of year | 3 |
Summary of the Assumptions Used in the Monte Carlo Simulation to Determine the Grant-Date Fair Value | The following table summarizes the assumptions used in the Monte Carlo simulation to determine the grant-date fair value for the RSUs with market conditions granted during the years ended December 31, 2024, 2023 and 2022.
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Risk-free rate | 4.4 | % |  | 4.5 | % |  | 1.7 | %
Expected volatility | 27 | % |  | 27 | % |  | 31 | %
Expected dividend rate | 5.5 | % |  | 4.6 | % |  | 3.0 | %
Summary of Restricted Stock Vested | The following table is a summary of the RSUs vested during the years ended December 31, 2024, 2023 and 2022.
Years Ended December 31, |  | Total Shares Vested |  | Fair Value on Vesting Date
|  | (In millions of shares) |  |
2024 |  | 1 |  |  | $ | 102 |
2023 |  | 1 |  |  | 92 |
2022 |  | 1 |  |  | 187 |
Stock Based Compensation Expense | The following table discloses the components of stock-based compensation expense, net.
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Stock-based compensation expense, net: |  |  |  |  |
Site rental costs of operations | $ | 19 |  |  | $ | 19 |  |  | $ | 18 |
Services and other costs of operations | 6 |  |  | 10 |  |  | 10 |
Selling, general and administrative expenses | 106 |  |  | 128 |  |  | 128 |
Total stock-based compensation expense, net | $ | 131 |  |  | $ | 157 |  |  | $ | 156 |

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- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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