XML 71 R54.htm IDEA: XBRL DOCUMENT v3.25.0.1
SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Unit Grants The following table provides information about our Service RSU grants for the last three fiscal years:
Year Ended December 31,
202420232022
Number of shares granted717,858 537,964 800,378 
Weighted average grant date fair value per share$44.00 $48.60 $44.12 
Fair value of shares vested (in millions)$26 $23 $25 
Schedule of Restricted Stock Units Activity
The following table summarizes the activity of our RSUs during the year ended December 31, 2024:
Number of
Shares
Weighted Average Grant Date Fair Value
Outstanding, beginning of period1,144,853 45.21 
Granted717,858 44.00 
Vested(588,583)43.64 
Forfeited(47,747)45.47 
Outstanding, end of period1,226,381 45.24 
Schedule of Stock Option Grants The following table provides information about our option grants for the last three fiscal years:
Year Ended December 31,
202420232022
Number of options granted388,084 301,215 389,536 
Weighted average exercise price per share$44.45 $49.14 $44.09 
Weighted average grant date fair value per share$22.63 $24.78 $20.08 
Schedule of Stock Option Valuation Assumptions
The weighted-average grant date fair value of each of these options were determined using the Black-Scholes-Merton option-pricing model with the following assumptions: expected volatility is calculated using the historical volatility of our share price; risk-free rate is based on the Treasury Constant Maturity Rate closest to the expected life as of the grant date; and expected term is estimated using the vesting period and contractual term of the Options:
Year Ended December 31,
202420232022
Expected volatility
47.7 %46.8 %45.8 %
Dividend yield(1)
— %— %— %
Risk-free rate
4.1% - 4.3%
4.2 %1.7 %
Expected term (in years)
6.06.06.0
(1)At the date of grant we had no plans to pay dividends during the expected term of these options.
Schedule of Stock Options Activity
The following table summarizes the activity of our options during the year ended December 31, 2024:
Number
of Shares
Weighted Average Exercise Price Per Share
Outstanding, beginning of period2,417,718 $36.65 
Granted388,084 44.45 
Exercised(205,463)30.38 
Forfeited, canceled or expired(23,361)45.45 
Outstanding, end of period2,576,978 38.24 
Exercisable, end of period1,885,026 35.51 
Schedule Of Performance Stock Unit Grants
The following table provides information about our Performance RSU grants for the last three fiscal years:
Year Ended December 31,
202420232022
Number of shares granted432,286 119,887 93,064 
Weighted average grant date fair value per share$44.40 $49.14 $44.09 
Fair value of shares vested (in millions)$29 $$— 
Schedule of Performance Stock Units Activity
The following table summarizes the activity of our Performance RSUs during the year ended December 31, 2024:
Number of
Shares
Weighted Average Grant Date Fair Value
Outstanding, beginning of period560,167 $42.77 
Granted432,286 44.40 
Performance achievement shares adjustment (1)
272,160 40.96 
Vested
(714,604)41.03 
Forfeited, canceled or expired— — 
Outstanding, end of period550,009 45.41 
(1)Reflects the number of shares achieved above target, based on actual performance as determined at the completion of the performance period for the August 2021 and March 2022 Performance RSU grants