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STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Restricted Stock Compensation Expense | Restricted stock compensation expense from continuing operations recorded in the Consolidated Statements of Operations is as follows:
| Year Ended December 31,
(in millions, except per share data) | 2023 |  | 2022 |  | 2021
Restricted stock compensation expense | $ | 37 |  |  | $ | 28 |  |  | $ | 27 |
Restricted stock compensation expense, net of tax | $ | 28 |  |  | $ | 21 |  |  | $ | 20 |
Schedule of Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity | A summary of the status of the Company’s nonvested restricted stock for employees and non-employee directors is as follows:
| Shares subject to restriction (thousands) |  | Weighted average grant date fair value
Nonvested at January 1, 2021 | 2,140 |  |  | $ | 39.58 |
Granted | 1,175 |  |  | $ | 43.66 |
Vested | (845) |  |  | $ | 43.34 |
Forfeited | (107) |  |  | $ | 39.86 |
Nonvested at December 31, 2021 | 2,363 |  |  | $ | 40.24 |
Granted | 1,060 |  |  | $ | 44.32 |
Vested | (862) |  |  | $ | 38.68 |
Forfeited | (188) |  |  | $ | 42.09 |
Nonvested at December 31, 2022 | 2,373 |  |  | $ | 42.47 |
Granted | 1,099 |  |  | $ | 48.19 |
Vested | (917) |  |  | $ | 39.80 |
Forfeited | (111) |  |  | $ | 44.63 |
PHINIA spin-off awards transferred 1 | (389) |  |  | $ | 45.80 |
PHINIA spin-off adjustment 2 | 274 |  |  | $ | — |
Nonvested at December 31, 2023 | 2,329 |  |  | $ | 40.57 |
________________ 1 Represents the cancellation of awards outstanding as of Distribution Date held by PHINIA employees. PHINIA employees were granted PHINIA restricted stock after the spin-off replacing the cancelled awards. 2 Represents the adjustment of unvested awards using a conversion ratio of 1.13 to 1 to preserve the intrinsic value of the awards prior to spin-off as authorized by the 2023 Plan and 2018 Plan.
Schedule of Share-Based Payment Arrangement, Performance Shares, Activity | The amounts expensed and common stock issued from continuing operations for performance share units for the years ended December 31, 2023, 2022 and 2021 were as follows:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| Expense (in millions) | Number of shares issued (in thousands) |  | Expense (in millions) | Number of shares issued (in thousands) |  | Expense (in millions) | Number of shares issued (in thousands)
Total Stockholder Return | $ | 8 |  | 107 |  |  | $ | 6 |  | — |  |  | $ | 6 |  | — |
Other Performance-Based | 13 |  | 313 |  |  | 30 |  | 284 |  |  | 17 |  | 138 |
Total | $ | 21 |  | 420 |  |  | $ | 36 |  | 284 |  |  | $ | 23 |  | 138 |
A summary of the status of the Company’s nonvested performance share units for the years ended December 31, 2023, 2022 and 2021 were as follows:
| Total Stockholder Return |  | Other Performance-Based
| Number of shares (in thousands) |  | Weighted average grant date fair value |  | Number of shares (in thousands) |  | Weighted average grant date fair value
Nonvested at January 1, 2021 | 271 |  |  | $ | 45.20 |  |  | 385 |  |  | $ | 38.66 |
Granted | 135 |  |  | $ | 70.39 |  |  | 404 |  |  | $ | 45.30 |
Vested | (143) |  |  | $ | 47.93 |  |  | (143) |  |  | $ | 41.92 |
Forfeited | (4) |  |  | $ | 37.28 |  |  | (6) |  |  | $ | 36.79 |
Nonvested at December 31, 2021 | 259 |  |  | $ | 56.90 |  |  | 640 |  |  | $ | 42.14 |
Granted | 138 |  |  | $ | 66.96 |  |  | 415 |  |  | $ | 44.33 |
Vested | (127) |  |  | $ | 28.55 |  |  | (234) |  |  | $ | 34.73 |
Forfeited | (20) |  |  | $ | 59.87 |  |  | (56) |  |  | $ | 43.35 |
Nonvested at December 31, 2022 | 250 |  |  | $ | 76.68 |  |  | 765 |  |  | $ | 45.51 |
Granted | 135 |  |  | $ | 79.39 |  |  | 405 |  |  | $ | 48.06 |
Vested | (114) |  |  | $ | 70.39 |  |  | (341) |  |  | $ | 45.14 |
Forfeited | (11) |  |  | $ | 68.66 |  |  | (34) |  |  | $ | 44.96 |
PHINIA spin-off awards transferred 1 | (22) |  |  | $ | 72.33 |  |  | (67) |  |  | $ | 46.03 |
PHINIA spin-off adjustment 2 | 35 |  |  | $ | — |  |  | 106 |  |  | $ | — |
Nonvested at December 31, 2023 | 273 |  |  | $ | 71.37 |  |  | 834 |  |  | $ | 41.08 |
________________ 1 Represents the cancellation of awards outstanding as of Distribution Date held by PHINIA employees. PHINIA employees were granted PHINIA restricted stock after the spin-off replacing the cancelled awards. 2 Represents the adjustment of unvested awards using a conversion ratio of 1.13 to 1 to preserve the intrinsic value of the awards prior to spin-off as authorized by the 2023 Plan and 2018 Plan.

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- Definition Tabular disclosure of number and weighted-average grant date fair value for nonvested performance shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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