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Stock Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation Expense Included in Consolidated Statement of Income and Comprehensive Income

Total stock-based compensation expense included in the Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income was as follows: 

			December 31,
(DOLLARS IN MILLIONS)			2022						2021						2020
Equity-based awards			$	49					$	54					$	36
Liability-based awards			2						8						4
Total stock-based compensation			51						62						40
Less tax benefit			(8)						(13)						(8)
Total stock-based compensation, net of tax			$	43					$	49					$	32

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, 2021			287						$	107.48					235
Granted			134						126.91
Exercised			(84)						106.66
Canceled			(6)						117.04
December 31, 2022			331						$	115.35					182
Expected to Vest at December 31, 2022			142						$	122.27

SSAR's and Stock Option Outstanding

SSARs and options outstanding at December 31, 2022 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			331						5.65						$	115.35					$	2

SSARs and options exercisable as of December 31, 2022 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			182						5.05						$	109.50					$	2

RSU Activity

RSU activity was as follows:

(SHARE AMOUNTS IN THOUSANDS)			Number of Shares						Weighted Average Grant Date Fair Value Per Share
December 31, 2021			777						$	126.20
Granted			556						115.13
Vested			(322)						124.62
Forfeited			(58)						129.36
Change due to performance conditions, net			(16)						120.48
December 31, 2022			937						$	120.81

Cash RSU activity was as follows:

(SHARE AMOUNTS IN THOUSANDS)			Cash RSUs						Weighted Average  Fair Value Per Share
December 31, 2021			116						$	150.65
Granted			43						104.84
Vested			(38)						130.67
Forfeited			(2)						107.00
December 31, 2022			119						$	104.84

PRSU Activity

The following table summarizes the Company's PRSU activity for the years ended December 31, 2022, 2021 and 2020:

(DOLLARS IN MILLIONS)			Issued Shares												Aggregate Purchase Price												Covered Shares
2022			43,690												$	6											21,845
2021			61,870												$	9											30,935
2020			66,160												$	9											33,080

PRSU activity was as follows:

(SHARE AMOUNTS IN THOUSANDS)			Number of Shares						Weighted Average Grant Date Fair Value Per Share
December 31, 2021			155						$	138.36
Granted			44						126.49
Vested			(95)						138.06
Forfeited			(14)						135.50
December 31, 2022			90						$	133.36

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, 2021			777						$	126.20
Granted			556						115.13
Vested			(322)						124.62
Forfeited			(58)						129.36
Change due to performance conditions, net			(16)						120.48
December 31, 2022			937						$	120.81

Cash RSU activity was as follows:

(SHARE AMOUNTS IN THOUSANDS)			Cash RSUs						Weighted Average  Fair Value Per Share
December 31, 2021			116						$	150.65
Granted			43						104.84
Vested			(38)						130.67
Forfeited			(2)						107.00
December 31, 2022			119						$	104.84

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Share-Based Payment Arrangement, Purchased Restricted Stock Unit, Activity

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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