XML 87 R39.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Share-Based Compensation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Share-Based Compensation Expense | A summary of activity for the Company’s Share-Based Awards for the year ended December 31, 2023 is presented below:
| Shares or Units (1) |  | Weighted-Average Grant-Date Fair Value (per share or unit) |  | Aggregate Intrinsic Value (in millions) |
Non-vested at December 31, 2022 | 1,738,620 |  |  | $ | 22.97 |  |  | $ | 68 |  |
Granted | 776,684 |  |  | 33.12 |  |  |  |
Vested | (1,018,432) |  |  | 19.81 |  |  |  |
Forfeited | (57,967) |  |  | 24.61 |  |  |  |
Non-vested at December 31, 2023 | 1,438,905 |  |  | $ | 30.67 |  |  | $ | 47 |  |
(1)As of December 31, 2023, there are no outstanding awards under the LTIPs, and the only outstanding and unvested awards are issued in connection with and not under the LTIPs. A summary of total share-based compensation expense and unrecognized compensation expense related to the Share-Based Awards and the Company’s performance awards during the years ended December 31, 2023, 2022, and 2021 is presented below:
| Expenses |  | Unrecognized Expense
| For the year ended December 31, |  | At December 31, 2023
(in millions) | 2023 |  | 2022 |  | 2021 |  | Amount |  | Weighted-Average Remaining Years
Share-Based Awards: |  |  |  |  |  |  |  |  |
Incentive Units | $ | 28 |  |  | $ | 45 |  |  | $ | 22 |  |  | $ | 32 |  |  | 1.7
CVR Partners - Phantom Units | 6 |  |  | 26 |  |  | 27 |  |  | 5 |  |  | 1.8
Performance Unit Awards: |  |  |  |  |  |  |  |  |
CEO Performance Award (1) | — |  |  | — |  |  | (3) |  |  | 10 |  |  | 1.0
Total share-based compensation expense | $ | 34 |  |  | $ | 71 |  |  | $ | 46 |  |  | $ | 47 |  |  |
(1)All expenses, recognized and unrecognized, related to the CEO Performance Award are contingent upon whether the performance parameters are probable of being met. If the performance parameters are not met, no expense will be recognized.

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 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -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_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration