XML 63 R42.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Stock-Based Compensation Plans (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Share-based Compensation Activity | A summary of the 2023 RSUs, RSAs, and PSUs granted to certain NEOs, employees, and the Board of Directors is presented below (shares/units in thousands):
Grant Year |  | Award Type |  | Number of Units Awarded(1)(2) |  | Vesting Terms
2023 |  | RSU |  | 122 |  | Vest equally over three service periods ending in 2026
2023 |  | PSU |  | 62 |  | Three-year performance and service period ending in 2025
2023 |  | RSU |  | 10 |  | Three-year service period ending in 2024
2023 |  | RSU |  | 6 |  | One year service period ending in 2024
2023 |  | RSA |  | 4 |  | One year service period ending in 2024
(1) PSUs presented are based on the target number of units for the original PSU grant. (2) Number of units awarded have been adjusted for the Stock Split.
Activity for Awards Made Outside of Share-Based Compensation Plans | Activity for our RSAs, RSUs, and PSUs is presented below (shares/units in thousands):
| PSUs |  | RSAs and RSUs |  | Total
(in thousands, except grant date values) | Number of Shares / Units (1)(2) |  | Weighted Average Grant Date Fair Value |  | Number of Shares / Units (1)(2) |  | Weighted Average Grant Date Fair Value |  | Number of Shares / Units (1)(2) |  | Weighted Average Grant Date Fair Value
Balance, December 31, 2020 | 604 |  |  | $ | 41.70 |  |  | 470 |  |  | $ | 53.95 |  |  | 1,074 |  |  | $ | 47.07 |
Granted | 54 |  |  | $ | 127.15 |  |  | 136 |  |  | $ | 105.56 |  |  | 190 |  |  | $ | 111.63 |
Performance adjustment | 516 |  |  | $ | 34.44 |  |  | — |  |  | $ | — |  |  | 516 |  |  | $ | 34.44 |
Vested | (216) |  |  | $ | 46.45 |  |  | (224) |  |  | $ | 60.89 |  |  | (440) |  |  | $ | 53.82 |
Canceled/forfeited | — |  |  | $ | — |  |  | (24) |  |  | $ | 80.21 |  |  | (24) |  |  | $ | 80.21 |
Balance, December 31, 2021 | 958 |  |  | $ | 41.50 |  |  | 358 |  |  | $ | 67.51 |  |  | 1,316 |  |  | $ | 45.14 |
Granted | 68 |  |  | $ | 110.13 |  |  | 134 |  |  | $ | 111.08 |  |  | 202 |  |  | $ | 110.76 |
Performance adjustment | 94 |  |  | $ | 91.23 |  |  | — |  |  | $ | — |  |  | 94 |  |  | $ | 91.23 |
Vested | (368) |  |  | $ | 57.66 |  |  | (183) |  |  | $ | 79.45 |  |  | (551) |  |  | $ | 64.83 |
Canceled/forfeited | (11) |  |  | $ | 106.90 |  |  | (12) |  |  | $ | 102.36 |  |  | (23) |  |  | $ | 104.41 |
Balance, December 31, 2022 | 741 |  |  | $ | 45.04 |  |  | 297 |  |  | $ | 80.09 |  |  | 1,038 |  |  | $ | 55.07 |
Granted | 62 |  | $ | 134.12 |  |  | 142 |  |  | $ | 124.89 |  |  | 204 |  | $ | 127.69 |
Performance adjustment | 49 |  | $ | 127.15 |  |  | — |  |  | $ | — |  |  | 49 |  | $ | 127.15 |
Vested | (305) |  |  | $ | 62.10 |  |  | (164) |  |  | $ | 90.1 |  |  | (469) |  |  | $ | 71.91 |
Canceled/forfeited | — |  |  | $ | — |  |  | (7) |  |  | $ | 99.74 |  |  | (7) |  |  | $ | 99.74 |
Balance, December 31, 2023 | 547 |  | $ | 99.64 |  |  | 268 |  | $ | 69.60 |  |  | 815 |  | $ | 139.72 |
(1)Adjustment to number of target units awarded for PSUs based on achievement of underlying performance goals. (2)Number of shares and weighted average grant date fair values have been adjusted for the Stock Split.
Summary of Unrecognized Stock-based Compensation Expense | A summary of total unrecognized stock-based compensation expense related to RSAs, RSUs, and PSUs (based on current performance estimates), on December 31, 2023, is presented below:
(in millions, except years) | December 31, 2023 |  | Weighted Average Remaining Vesting Period (Years)
Unrecognized expense: |  |  |
RSU & RSA | $ | 10.1 |  |  | 1.89
PSU | 13.1 |  |  | 1.36
Total | $ | 23.2 |  |  | 1.59

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (i) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for outstanding 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
Name: | us-gaap_ShareBasedCompensationPerformanceSharesAwardOutstandingActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration