XML 59 R41.htm IDEA: XBRL DOCUMENT
v3.25.0.1

STOCK-BASED COMPENSATION PLANS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan | The table below summarizes the components of total stock-based compensation:
(in millions) | 2024 |  | 2023 |  | 2022
Stock options | $ | 1 |  |  | $ | 2 |  |  | $ | 3 |
Stock awards(a) | 31 |  |  | 39 |  |  | 14 |
Deferred stock awards | 1 |  |  | 1 |  |  | 1 |
Employee stock purchase plan | 19 |  |  | 18 |  |  | 17 |
Stock-based compensation | $ | 52 |  |  | $ | 60 |  |  | $ | 35 |
Tax benefit related to stock-based compensation | $ | 13 |  |  | $ | 14 |  |  | $ | 9 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The fair value of each option grant was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions used for grants:
| 2024 |  | 2023 |  | 2022
Expected volatility | — |  |  | 46 | % |  | 44 | %
Expected term | — |  |  | 6 years |  | 6 years
Risk-free interest rate | — |  |  | 3.64 | % |  | 1.91 | %
Expected dividend yield | — |  |  | — |  |  | — |
Weighted-average grant date fair value per share | — |  |  | $ | 16.77 |  |  | $ | 23.36 |
Estimated fair value of options granted (millions) | — |  |  | $ | 1 |  |  | $ | 4 |
Share-based Compensation, Stock Options, Activity | The tables below summarize stock option activity for the year ended December 31, 2024:
| Shares |  | Weighted- Average Exercise Price Per Share |  | Weighted- Average Contractual Life (Years) |  | Aggregate Intrinsic Value (in millions)
Outstanding, December 31, 2023 | 1,161,430 |  |  | $ | 61.36 |  |  | 5.1 |  | $ | — |
Granted | — |  |  | — |  |  |  |  |
Exercised | (27,516) |  |  | 41.05 |  |  |  |  |
Canceled | (29,380) |  |  | 55.95 |  |  |  |  |
Forfeited or expired | (2,960) |  |  | 55.51 |  |  |  |  |
Outstanding, December 31, 2024 | 1,101,574 |  |  | $ | 62.03 |  |  | 4.1 |  | $ | 5 |
Exercisable, December 31, 2024 | 973,512 |  |  | $ | 62.99 |  |  | 3.8 |  | $ | 4 |
Vested or expected to vest, December 31, 2024 | 1,101,483 |  |  | $ | 62.03 |  |  | 4.1 |  | $ | 5 |
(in millions) | 2024 |  | 2023 |  | 2022
Intrinsic value of option exercises | $ | 1 |  |  | $ | — |  |  | $ | — |
Fair value of options vested | $ | 3 |  |  | $ | 4 |  |  | $ | 4 |
Schedule of Share-based Compensation, Restricted Stock Units Award Activity | The following table summarizes information about outstanding stock awards:
| Number of Units |  | Weighted-Average Grant Date Fair Value |  | Weighted- Average Contractual Life (Years) |  | Aggregate Intrinsic Value (in millions)
Non-vested, December 31, 2023 | 868,784 |  |  | $ | 51.95 |  |  | 1.7 |  | $ | 34 |
Granted | 1,125,225 |  |  | 39.16 |  |  |  |  |
Vested | (552,498) |  |  | 47.52 |  |  |  |  |
Forfeited | (75,809) |  |  | 52.93 |  |  |  |  |
Non-vested, December 31, 2024 | 1,365,702 |  |  | $ | 43.80 |  |  | 1.6 |  | $ | 90 |

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 cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
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 restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -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_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -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_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration