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Stock Compensation Plans | 3 Months Ended
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Mar. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Stock Compensation Plans | STOCK COMPENSATION PLANS The Company has various plans under which its officers, senior management, other key employees and directors may be granted equity-based awards. Equity awards outstanding under the plans include PRSUs, Restricted Stock Units (“RSUs”), Stock-Settled Appreciation Rights (“SSARs”) and Long-Term Incentive Plan awards. Liability-based awards outstanding under the plans are cash-settled RSUs. Stock-based compensation expense and related tax benefits were as follows:
| Three Months Ended March 31, |  |
(DOLLARS IN MILLIONS) | 2024 |  | 2023 |  |  |  |
Equity-based awards | $ | 18 |  |  | $ | 12 |  |  |  |  |
Liability-based awards | 1 |  |  | — |  |  |  |  |
Total stock-based compensation expense | 19 |  |  | 12 |  |  |  |  |
Less: Tax benefit | (4) |  |  | (2) |  |  |  |  |
Total stock-based compensation expense, after tax | $ | 15 |  |  | $ | 10 |  |  |  |  |
As of March 31, 2024, there was approximately $64 million of total unrecognized compensation cost related to non-vested awards granted under the equity incentive plans.

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