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Stock-Based Compensation and Stockholder's Equity (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement, Noncash Expense [Abstract]

Summary of RSU Activity Including Performance Awards and Converted Isle Awards

A summary of the RSUs activity for the year ended December 31, 2024 is presented in the following table:

			Units						Weighted Average Grant Date Fair Value (a)
Unvested outstanding as of December 31, 2023			1,922,419						$	60.11
Granted (b)			2,020,005						43.77
Vested			(1,055,671)						62.64
Forfeited			(217,942)						49.06
Unvested outstanding as of December 31, 2024			2,668,811						47.64

____________________

(a)Represents the weighted-average grant date fair value of RSUs, which is the share price of our common stock on the grant date.

(b)Included are 45,800 RSUs granted to non-employee members of the Board during the year ended December 31, 2024.

A summary of the PSUs activity for the year ended December 31, 2024 is presented in the following table:

			Units						Weighted Average Grant Date Fair Value (a)
Unvested outstanding as of December 31, 2023			328,230						$	46.88
Granted			161,688						33.42
Performance Adjustment			27,314
Vested			(99,377)						41.66
Forfeited			(20,699)						39.86
Unvested outstanding as of December 31, 2024			397,156						33.42

____________________

(a)This represents the weighted-average grant date fair value for PSUs where the grant date has been achieved or the price of our common stock as of the balance sheet date for PSUs where a grant date has not been achieved.

Share-based Payment Arrangement, Activity

A summary of the MSUs activity for the year ended December 31, 2024 is presented in the following table:

			Units						Weighted Average Grant Date Fair Value (a)
Unvested outstanding as of December 31, 2023			872,019						$	85.11
Granted			435,536						58.56
Performance Adjustment			(154,420)
Vested			(18,713)						63.99
Forfeited			(38,318)						77.95
Unvested outstanding as of December 31, 2024			1,096,104						73.15

____________________

(a)Represents the grant date fair value determined using a Monte Carlo simulation model.

Schedule of Share-based Compensation, Stock Options Activity

Stock Option Exercises
			Years Ended December 31,
(Dollars in millions)			2024						2023						2022
Option Exercises:
Number of options exercised			—						88						43,384
Cash received for options exercised			$	—					$	—					$	1
Aggregate intrinsic value of options exercised			$	—					$	—					$	2

Schedule of Changes in Accumulated Other Comprehensive Income (Loss) by Component

The changes in AOCI by component, net of tax, for the periods through December 31, 2024 and 2023 are shown below.

Changes in AOCI by component, net of tax
(In millions)			Unrealized Net Gains on Derivative Instruments						Foreign Currency Translation Adjustments						Other						Total
Balances as of December 31, 2022			$	94					$	(1)					$	(1)					$	92
Other comprehensive income before reclassifications			—						1						4						5
Total other comprehensive income, net of tax			—						1						4						5
Balances as of December 31, 2023			$	94					$	—					$	3					$	97
Other comprehensive loss before reclassifications			—						—						(1)						(1)
Total other comprehensive loss, net of tax			—						—						(1)						(1)
Balances as of December 31, 2024			$	94					$	—					$	2					$	96

X

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

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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.

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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.

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