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Stock Compensation Plans (Tables) | 12 Months Ended
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Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Stock-Based Compensation Expense Included in Consolidated Statement of Income and Comprehensive Income | Total stock-based compensation expense included in the Consolidated Statements of Income and Comprehensive Income (Loss) was as follows:
| December 31,
(DOLLARS IN MILLIONS) | 2021 |  | 2020 |  | 2019
Equity-based awards | $ | 54 |  |  | $ | 36 |  |  | $ | 34 |
Liability-based awards | 8 |  |  | 4 |  |  | 4 |
Total stock-based compensation | 62 |  |  | 40 |  |  | 38 |
Less tax benefit | (13) |  |  | (8) |  |  | (7) |
Total stock-based compensation, net of tax | $ | 49 |  |  | $ | 32 |  |  | $ | 31 |
SSAR's and Stock Option Activity | SSARs and options activity was as follows:
(SHARE AMOUNTS IN THOUSANDS) | Shares Subject to SSARs/Options |  | Weighted Average Exercise Price |  | SSARs/ Options Exercisable
December 31, 2020 | 42 |  |  | $ | 135.01 |  |  | 1 |
Granted | 3 |  |  | 144.67 |  |  |
Exercised | (90) |  |  | 110.28 |  |  |
Canceled | (9) |  |  | 101.19 |  |  |
Assumed | 341 |  |  |  |  |
December 31, 2021 | 287 |  |  | $ | 107.48 |  |  | 235 |
Expected to Vest at December 31, 2021 | 44 |  |  | $ | 95.94 |  |  |
SSAR's and Stock Option Outstanding | SSARs and options outstanding at December 31, 2021 was as follows:
Price Range | Number Outstanding (in thousands) |  | Weighted Average Remaining Contractual Life (in years) |  | Weighted Average Exercise Price |  | Aggregate Intrinsic Value (in millions)
Over $65 | 287 |  |  | 5.04 |  | $ | 107.48 |  |  | $ | 12 |
SSARs and options exercisable as of December 31, 2021 was as follows:
Price Range | Number Exercisable (in thousands) |  | Weighted Average Remaining Contractual Life (in years) |  | Weighted Average Exercise Price |  | Aggregate Intrinsic Value (in millions)
Over $65 | 235 |  |  | 4.65 |  | $ | 109.77 |  |  | $ | 10 |
SSAR's and Stock Option Exercisable | SSARs and options exercisable as of December 31, 2021 was as follows:
Price Range | Number Exercisable (in thousands) |  | Weighted Average Remaining Contractual Life (in years) |  | Weighted Average Exercise Price |  | Aggregate Intrinsic Value (in millions)
Over $65 | 235 |  |  | 4.65 |  | $ | 109.77 |  |  | $ | 10 |
RSU's [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
RSU, PRS and Cash RSU Activity | RSU activity was as follows:
(SHARE AMOUNTS IN THOUSANDS) | Number of Shares |  | Weighted Average Grant Date Fair Value Per Share
December 31, 2020 | 525 |  |  | $ | 126.62 |
Granted | 344 |  |  | 136.71 |
Vested | (314) |  |  | 119.99 |
Forfeited | (37) |  | -37000 | 128.79 |
Assumed | 259 |  |  |
December 31, 2021 | 777 |  |  | $ | 126.20 |
Restricted Stock [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
RSU, PRS and Cash RSU Activity | The following table summarizes the Company's PRSU activity for the years ended December 31, 2021, 2020 and 2019:
(DOLLARS IN MILLIONS) | Issued Shares |  |  |  | Aggregate Purchase Price |  |  |  | Covered Shares
2021 | 61,870 |  |  |  |  | $ | 9 |  |  |  |  | 30,935 |
2020 | 66,160 |  |  |  |  | $ | 9 |  |  |  |  | 33,080 |
2019 | 61,991 |  |  |  |  | $ | 9 |  |  |  |  | 30,996 |
PRSU activity was as follows:
(SHARE AMOUNTS IN THOUSANDS) | Number of Shares |  | Weighted Average Grant Date Fair Value Per Share
December 31, 2020 | 193 |  |  | $ | 136.37 |
Granted | 62 |  |  | 144.67 |
Vested | (95) |  |  | 138.41 |
Forfeited | (5) |  |  | 141.81 |
December 31, 2021 | 155 |  |  | $ | 138.36 |
Cash RSU's [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
RSU, PRS and Cash RSU Activity | Cash RSU activity was as follows:
(SHARE AMOUNTS IN THOUSANDS) | Cash RSUs |  | Weighted Average Fair Value Per Share
December 31, 2020 | 111 |  |  | $ | 108.84 |
Granted | 51 |  |  | 150.65 |
Vested | (37) |  |  | 141.58 |
Forfeited | (9) |  |  | 140.43 |
December 31, 2021 | 116 |  |  | $ | 150.65 |

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