XML 27 R14.htm IDEA: XBRL DOCUMENT v3.22.1
Equity Based Compensation
3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Equity Based Compensation
Equity Based Compensation
Equity compensation expense was $4 million and $5 million for the three months ended March 31, 2022 and 2021, respectively. In the first quarter of 2022, the Company granted 258,327 stock appreciation rights at $106.53 weighted average exercise price per share, 78,687 performance contingent shares and 215,601 restricted stock units to employees. As of March 31, 2022, 1,736,018 share awards at a weighted average strike price per share of $105.02 were vested and exercisable with a remaining weighted average exercise period of 4.5 years. As of March 31, 2022, the total compensation cost of non-vested awards not yet recognized in the condensed consolidated financial statements was $50 million. It is estimated that these costs will vest over a weighted average period of 0.9 years.