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EQUITY AND EQUITY COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Schedule of warrants

The conditions and number of warrants outstanding have remained unchanged since December 31, 2021 and key terms under each program are as follows:

Summary of payroll support program warrants
(in millions)			Number of Warrants			Exercise Price			Expiration Year
Payroll Support Program (PSP1)			6.8			$	24.37		2025
Payroll Support Program Extension (PSP2)			2.4			39.73			2026
Payroll Support Program 3 (PSP3)			1.9			47.80			2026
Total			11.1

Schedule of restricted stock activity

Restricted stock activity under the Plan for the years ended December 31, 2022, 2021 and 2020 is as follows:

Restricted Stock Award Activity
			2022						2021						2020
			Restricted Stock Awards			Weighted-Average Grant Price			Restricted Stock Awards			Weighted-Average Grant Price			Restricted Stock Awards			Weighted-Average Grant Price
(in millions, except weighted avg grant price)
Outstanding at January 1			2.9			$	45.66		2.2			$	54.06		2.6			$	51.28
Granted			1.9			42.45			2.3			39.93			1.4			56.84
Vested			(1.6)			46.31			(1.4)			51.15			(1.6)			51.95
Forfeited			(0.1)			45.51			(0.2)			44.01			(0.2)			56.11
Outstanding at December 31			3.1			$	43.43		2.9			$	45.66		2.2			$	54.06

Schedule of stock option activity

Stock option activity under the Plan for the years ended December 31, 2022, 2021 and 2020 is as follows:

Stock Option Activity
			2022						2021						2020
			Stock Options			Weighted-Average Exercise Price			Stock Options			Weighted-Average Exercise Price			Stock Options			Weighted-Average Exercise Price
(in millions, except weighted avg grant price)
Outstanding at January 1			6.2			$	50.41		5.4			$	52.37		3.9			$	49.57
Granted			—			—			1.0			39.78			1.6			58.89
Exercised			—			—			—			—			(0.1)			44.05
Forfeited			—			52.87			(0.2)			49.61			—			—
Outstanding at December 31			6.2			$	50.40		6.2			$	50.41		5.4			$	52.37

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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

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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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