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Stock Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2024

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 Income (Loss) and Comprehensive Loss was as follows: 

			December 31,
(DOLLARS IN MILLIONS)			2024						2023						2022
Equity-based awards			$	77					$	65					$	49
Liability-based awards			2						2						2
Total stock-based compensation			79						67						51
Less: Tax benefit			(15)						(11)						(8)
Total stock-based compensation, net of tax			$	64					$	56					$	43

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, 2023			315						$	116.26					194
Granted			—						—
Exercised			(7)						80.00
Canceled			(20)						127.11
December 31, 2024			288						$	116.45					197
Expected to Vest at December 31, 2024			91						$	126.70

SSAR's and Stock Option Outstanding

SSARs and options outstanding at December 31, 2024 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			288						3.69						$	116.45					$	—

SSARs and options exercisable as of December 31, 2024 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			197						3.39						$	111.70					$	—

RSU Activity

RSU activity was as follows:

(SHARE AMOUNTS IN THOUSANDS)			Number of Shares						Weighted Average Grant Date Fair Value Per Share
December 31, 2023			1,367						$	101.50
Granted			1,026						79.95
Vested			(513)						106.97
Forfeited			(85)						90.93
Change due to performance conditions, net			(10)						125.82
December 31, 2024			1,785						$	87.75

Cash RSU activity was as follows:

(SHARE AMOUNTS IN THOUSANDS)			Cash RSUs						Weighted Average  Fair Value Per Share
December 31, 2023			91						$	80.97
Granted			12						84.55
Vested			(44)						84.71
Forfeited			(2)						83.06
December 31, 2024			57						$	84.55

PRSU Activity

The following table summarizes the Company’s PRSU activity for the years ended December 31, 2024, 2023 and 2022:

(DOLLARS IN MILLIONS)			Issued Shares												Aggregate Purchases												Covered Shares
2024			—												$	—											—
2023			—												$	—											—
2022			43,690												$	6											21,845

PRSU activity was as follows:

(SHARE AMOUNTS IN THOUSANDS)			Number of Shares						Weighted Average Grant Date Fair Value Per Share
December 31, 2023			61						$	133.96
Granted			—						—
Vested			(25)						144.67
Forfeited			(3)						127.41
December 31, 2024			33						$	126.49

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, 2023			1,367						$	101.50
Granted			1,026						79.95
Vested			(513)						106.97
Forfeited			(85)						90.93
Change due to performance conditions, net			(10)						125.82
December 31, 2024			1,785						$	87.75

Cash RSU activity was as follows:

(SHARE AMOUNTS IN THOUSANDS)			Cash RSUs						Weighted Average  Fair Value Per Share
December 31, 2023			91						$	80.97
Granted			12						84.55
Vested			(44)						84.71
Forfeited			(2)						83.06
December 31, 2024			57						$	84.55

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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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-Topic 718
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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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