XML 38 R21.htm IDEA: XBRL DOCUMENT
v3.25.2

Stock-Based Compensation | 6 Months Ended
--- | ---
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Stock-Based Compensation | Stock-Based Compensation We recorded stock-based compensation expense o f $6 million ($5 million, net of tax) and $6 million ($5 million, net of tax) during the three months ended June 30, 2025 and 2024, respectively. We recorded stock-based compensation expense of $12 million ($9 million, net of tax) and $13 million ($10 million, net of tax) during the six months ended June 30, 2025 and 2024, respectively. As part of our declaration and payment of a special cash dividend in December 2023, we granted additional restricted stock units (“RSUs”) to our award holders with unvested shares as a dividend equivalent, which has been deferred until, and will not be paid unless, the shares of stock underlying the award vest. The activity related to stock units consisted of (in thousands of shares):
| Number of Shares |  | Weighted Average Grant Date Fair Value |  | Weighted Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value (in millions)
Time-based RSUs |  |  |  |  |  |  |
Outstanding as of January 1, 2025 | 306 |  |  | $ | 143.25 |  |  |  |  |
Granted (a) | 281 |  |  | 62.67 |  |  |  |  |
Vested (b) | (71) |  |  | 155.36 |  |  |  |  |
Forfeited | (37) |  |  | 110.82 |  |  |  |  |
Outstanding and expected to vest as of June 30, 2025 (c) | 479 |  |  | $ | 96.70 |  |  | 1.4 |  | $ | 81 |
Performance-based RSUs |  |  |  |  |  |  |
Outstanding as of January 1, 2025 | 315 |  |  | $ | 159.62 |  |  |  |  |
Granted (a) | 428 |  |  | 62.64 |  |  |  |  |
Vested (b) | (61) |  |  | 194.23 |  |  |  |  |
Forfeited | (124) |  |  | 133.44 |  |  |  |  |
Outstanding as of June 30, 2025 | 558 |  |  | $ | 87.24 |  |  | 1.9 |  | $ | 94 |
Outstanding and expected to vest as of June 30, 2025 (c) | 249 |  |  | $ | 70.14 |  |  | 1.9 |  | $ | 42 |
__________ (a)Reflects the maximum number of stock units assuming achievement of all time- and performance-vesting criteria and does not include those for non-employee directors. The weighted-average fair value of time- and performance-based RSUs granted during the six months ended June 30, 2024 w as $113.10. (b)The total fair value of time- and performance-based RSUs vested during the six months ended June 30, 2025 and 2024 was $23 million and $29 million, respectively. (c)Aggregate unrecognized compensation expense related to time- and performance-based RSUs amoun ted to $44 million a nd will be recognized over a weighted average vesting period of 1.6 years.

X
- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (l) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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