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Stock-based Compensation (Tables)
12 Months Ended
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
Granted
Vested(1)
Forfeited— 
Outstanding at end of year
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,
 202420232022
Risk-free rate4.4 %4.5 %1.7 %
Expected volatility27 %27 %31 %
Expected dividend rate5.5 %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$102 
202392 
2022187 
Stock Based Compensation Expense
The following table discloses the components of stock-based compensation expense, net.
 Years Ended December 31,
 202420232022
Stock-based compensation expense, net:
Site rental costs of operations$19 $19 $18 
Services and other costs of operations10 10 
Selling, general and administrative expenses106 128 128 
Total stock-based compensation expense, net$131 $157 $156