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Stock Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2024
Summary of Stock Option Activity | A summary of PSP activity for the years ended December 31, 2024, 2023 and 2022 is as follows:
|  | Weighted- average grant date fair value |  |  | Granted shares |  |  | Awarded shares |  |  | Shares not yet awarded |
Outstanding at January 1, 2022 |  | $ | 4.87 |  |  |  | 839,842 |  |  |  | 839,842 |  |  |  | — |
Granted |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |
Awarded |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |
Vested |  | $ | 4.81 |  |  |  | (101,900 | ) |  |  | (101,900 | ) |  |  | — |
Forfeited |  | $ | 4.80 |  |  |  | (29,562 | ) |  |  | (29,562 | ) |  |  | — |
Outstanding at December 31, 2022 |  | $ | 4.88 |  |  |  | 708,380 |  |  |  | 708,380 |  |  |  | — |
Granted |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |
Awarded |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |
Vested |  | $ | 4.69 |  |  |  | (532,282 | ) |  |  | (532,282 | ) |  |  | — |
Forfeited |  | $ | 5.25 |  |  |  | (8,326 | ) |  |  | (8,326 | ) |  |  | — |
Outstanding at December 31, 2023 |  | $ | 5.47 |  |  |  | 167,772 |  |  |  | 167,772 |  |  |  | — |
Granted |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |
Awarded |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |
Vested |  | $ | 5.43 |  |  |  | (69,794 | ) |  |  | (69,794 | ) |  |  | — |
Forfeited |  | $ | 5.09 |  |  |  | (240 | ) |  |  | (240 | ) |  |  | — |
Outstanding at December 31, 2024 |  | $ | 5.49 |  |  |  | 97,738 |  |  |  | 97,738 |  |  |  | — |
A summary of 2010 SIP and 2019 SIP activity for the years ended December 31, 2024, 2023 and 2022 is as follows:
|  | Weighted- average grant date fair value |  |  | Granted shares |  |  | Awarded shares |  |  | Shares not yet awarded |  |
Outstanding at January 1, 2022 |  | $ | 21.59 |  |  |  | 7,608,446 |  |  |  | 5,025,561 |  |  |  | 2,582,885 |  |
Granted |  | $ | 65.22 |  |  |  | 1,478,613 |  |  |  | 693,802 |  |  |  | 784,811 |  | (1)
Awarded |  | $ | 28.73 |  |  |  | 470,793 |  |  |  | 1,383,216 |  |  |  | (912,423 | ) |
Vested |  | $ | 20.09 |  |  |  | (2,179,476 | ) |  |  | (2,179,476 | ) |  |  | — |  |
Forfeited |  | $ | 37.78 |  |  |  | (313,428 | ) |  |  | (168,454 | ) |  |  | (144,974 | ) |
Outstanding at December 31, 2022 |  | $ | 25.01 |  |  |  | 7,064,948 |  |  |  | 4,754,649 |  |  |  | 2,310,299 |  |
Granted |  | $ | 56.39 |  |  |  | 1,558,826 |  |  |  | 235,738 |  |  |  | 1,323,088 |  | (2)
Awarded |  | $ | 47.60 |  |  |  | 330,310 |  |  |  | 977,447 |  |  |  | (647,137 | ) |
Vested |  | $ | 25.46 |  |  |  | (1,561,615 | ) |  |  | (1,561,615 | ) |  |  | — |  |
Forfeited |  | $ | 49.37 |  |  |  | (271,154 | ) |  |  | (129,889 | ) |  |  | (141,265 | ) |
Outstanding at December 31, 2023 |  | $ | 27.50 |  |  |  | 7,121,315 |  |  |  | 4,276,330 |  |  |  | 2,844,985 |  |
Granted |  | $ | 81.53 |  |  |  | 1,404,586 |  |  |  | 249,952 |  |  |  | 1,154,634 |  | (3)
Awarded |  | $ | 45.99 |  |  |  | 437,891 |  |  |  | 1,228,675 |  |  |  | (790,784 | ) |
Vested |  | $ | 29.23 |  |  |  | (1,903,832 | ) |  |  | (1,903,832 | ) |  |  | — |  |
Forfeited |  | $ | 62.43 |  |  |  | (261,423 | ) |  |  | (114,053 | ) |  |  | (147,370 | ) |
Outstanding at December 31, 2024 |  | $ | 30.98 |  |  |  | 6,798,537 |  |  |  | 3,737,072 |  |  |  | 3,061,465 |  |
(1) Of the 784,811 p erformance-based shares granted in 2022, the payout for 378,836 shares may be increased up to 200% of the target or decreased to zero, 15,114 shares may be increased up to 120% of the target or decreased to zero. The amount reflected in the table includes all time-based share grants at a target payout of 100%. (2) Of t he 1,323,088 performance-based shares granted in 2023, the payout for 615,575 shares may be increased up to 200% of the target or decreased to zero and 17,338 shares may be increased up to 120% of the target or decreased to zero. The amount reflected in the table includes all time-based share grants at a target payout of 100%. (3) Of t he 1,154,634 performance-based shares granted in 2024, the payout for 587,205 shares may be increased up to 200% of the target or decreased to zero. The amount reflected in the table includes all time-based share grants at a target payout of 100%.
Summary of Non-Cash Stock-Based Compensation Expense | The non-cash stock-based compensation expense for the years ended December 31 is as follows:
(in millions) |  | 2024 |  |  | 2023 |  |  | 2022 |
Stock incentive plan |  | $ | 87 |  |  | $ | 75 |  |  | $ | 56 |
Employee stock purchase plan |  |  | 13 |  |  |  | 12 |  |  |  | 10 |
Performance stock plan |  |  | — |  |  |  | 1 |  |  |  | — |
Sharesave plan |  |  | 1 |  |  |  | 1 |  |  |  | — |
Total |  | $ | 101 |  |  | $ | 89 |  |  | $ | 66 |
2010 Stock Incentive Plan |
Schedule of Performance Stock Plan and 2010 Stock Incentive Plan | The following table sets forth information as of December 31, 2024, 2023 and 2022, with respect to the number of time-based restricted shares granted and awarded, the number of performance-based restricted shares granted, and the number of performance-based restricted shares awarded under our Performance Stock Plan and 2010 and 2019 Stock Incentive Plans:
Year |  | Time-based restricted stock granted and awarded |  |  | Performance-based restricted stock granted |  |  | Performance-based restricted stock awarded |
2024 |  |  | 249,952 |  |  |  | 1,154,634 |  | (1) |  | 1,228,675 |
2023 |  |  | 235,738 |  |  |  | 1,323,088 |  | (2) |  | 977,447 |
2022 |  |  | 693,802 |  |  |  | 784,811 |  | (3) |  | 1,383,216 |
(1) O f the 1,154,634 performance-based shares granted in 2024, the payout for 587,205 shares may be increased up to 200% of the target or decreased to zero. The amount reflected in the table includes all time-based share grants at a target payout of 100%. (2) O f the 1,323,088 performance-based shares granted in 2023, the payout for 615,575 shares may be increased up to 200% of the target or decreased to zero and 17,338 shares may be increased up to 120% of the target or decreased to zero. The amount reflected in the table includes all time-based share grants at a target payout of 100%. (3) Of t he 784,811 perf ormance-based shares granted in 2022, the payout for 378,836 shares may be increased up to 200% of the target or decreased to zero, 15,114 shares may be increased up to 120% of the target or decreased to zero. The amount reflected in the table includes all time-based share grants at a target payout of 100%.

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