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STOCK COMPENSATION PLANS (Tables) | 12 Months Ended
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Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Summary of Total Compensation Expense Recognized for Stock-Based Compensation Awards | The following table summarizes the total compensation expense recognized for stock-based compensation awards:
| Year Ended December 31,
(In millions, except per share amounts) | 2023 |  | 2022 |  | 2021
Cost of goods sold | $ | (9) |  |  | $ | (5) |  |  | $ | (2) |
Selling, general and administrative expenses | (32) |  |  | (23) |  |  | (16) |
Stock based compensation expense | (41) |  |  | (28) |  |  | (18) |
Income tax benefit | 10 |  |  | 7 |  |  | 4 |
Stock based compensation expense, net of tax | $ | (31) |  |  | $ | (21) |  |  | $ | (14) |
Decrease in basic earnings per common share | $ | (0.06) |  |  | $ | (0.04) |  |  | $ | (0.03) |
Decrease in diluted earnings per common share | $ | (0.06) |  |  | $ | (0.04) |  |  | $ | (0.03) |
Summary of Performance Award Activity | The following table summarizes the performance award activity:
| 2023 |  | 2022 |  | 2021
(Shares in millions) | Number of Shares |  | Weighted Average Grant Date Fair Value |  | Number of Shares |  | Weighted Average Grant Date Fair Value |  | Number of Shares |  | Weighted Average Grant Date Fair Value
Outstanding at beginning of year | 2.7 |  |  | $ | 18.53 |  |  | 2.4 |  |  | $ | 14.04 |  |  | 2.5 |  |  | $ | 10.34 |
Granted | 1.1 |  |  | 31.88 |  |  | 1.0 |  |  | 28.46 |  |  | 0.7 |  |  | 25.12 |
Distributed | (1.8) |  |  | 6.50 |  |  | (1.1) |  |  | 17.04 |  |  | (1.3) |  |  | 11.74 |
Performance adjustment | 0.7 |  |  | 6.43 |  |  | 0.5 |  |  | 17.84 |  |  | 0.6 |  |  | 11.93 |
Forfeited/canceled | (0.2) |  |  | 28.65 |  |  | (0.1) |  |  | 23.74 |  |  | (0.1) |  |  | 11.27 |
Outstanding at end of year | 2.5 |  |  | $ | 29.09 |  |  | 2.7 |  |  | $ | 18.53 |  |  | 2.4 |  |  | $ | 14.04 |
Summary of Restricted Stock Unit Activity | The following table summarizes the restricted stock units activity:
| 2023 |  | 2022 |  | 2021
(Shares in millions) | Number of Shares |  | Weighted Average Grant Date Fair Value |  | Number of Shares |  | Weighted Average Grant Date Fair Value |  | Number of Shares |  | Weighted Average Grant Date Fair Value
Outstanding at beginning of year | 2.4 |  |  | $ | 13.66 |  |  | 2.1 |  |  | $ | 10.31 |  |  | 2.1 |  |  | $ | 7.12 |
Granted | 1.2 |  |  | 19.30 |  |  | 1.0 |  |  | 19.41 |  |  | 0.7 |  |  | 17.45 |
Distributed | (0.9) |  |  | 5.99 |  |  | (0.6) |  |  | 10.47 |  |  | (0.6) |  |  | 7.31 |
Forfeited/canceled | (0.2) |  |  | 19.84 |  |  | (0.1) |  |  | 17.82 |  |  | (0.1) |  |  | 9.50 |
Outstanding at end of year | 2.5 |  |  | $ | 18.87 |  |  | 2.4 |  |  | $ | 13.66 |  |  | 2.1 |  |  | $ | 10.31 |
Summary of Stock Option Activity | The following table summarizes the stock option activity:
| 2023 |  | 2022 |  | 2021
(Shares in millions) | Number of Shares |  | Weighted Average Exercise Price |  | Number of Shares |  | Weighted Average Exercise Price |  | Number of Shares |  | Weighted Average Exercise Price
Outstanding at beginning of year | 0.6 |  |  | $ | 10.39 |  |  | 1.0 |  |  | $ | 12.75 |  |  | 2.5 |  |  | $ | 11.60 |
Exercised | (0.1) |  |  | 10.22 |  |  | (0.3) |  |  | 16.55 |  |  | (1.5) |  |  | 10.36 |
Forfeited/canceled | — |  |  | 21.05 |  |  | (0.1) |  |  | 22.78 |  |  | — |  |  | 36.48 |
Outstanding at end of year | 0.5 |  |  | $ | 9.59 |  |  | 0.6 |  |  | $ | 10.39 |  |  | 1.0 |  |  | $ | 12.75 |
Exercisable at end of year | 0.5 |  |  | $ | 9.59 |  |  | 0.6 |  |  | $ | 10.52 |  |  | 0.9 |  |  | $ | 13.35 |

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