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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Share-Based Compensation Expense The following table outlines the compensation expense recorded by type of award (in millions):
Three Months Ended September 30,
Nine Months Ended September 30,
2025202420252024
Restricted and deferred stock units$$$23 $21 
Performance stock units14 15 
Total stock-based compensation$11 $13 $37 $36 
Summary of Unrecognized Compensation Expense
As of September 30, 2025, unrecognized compensation expense related to the awards granted under the LTIP will be amortized through the relevant periods as follows (in millions):
Unrecognized Compensation ExpenseFinal Year of Recognition
Restricted and deferred stock units$34 2028
Performance stock units15 2027
Total unrecognized stock-based compensation$49 
Summary of the Status and Activity of Non-Vested RSUs, DSUs, and Options
The following table presents the changes in non-vested RSUs and DSUs for the nine months ended September 30, 2025:
 RSUs and DSUsWeighted-Average Grant-Date Fair Value
Non-vested, beginning of year932,902 $65.69 
Granted810,453 40.88 
Vested(393,146)65.38 
Forfeited(167,007)59.10 
Non-vested, end of period1,183,202 $49.73 
Summary of the Status and Activity of PSUs
The following table presents the change of non-vested PSUs for the nine months ended September 30, 2025:
 PSUsWeighted-Average Grant-Date Fair Value
Non-vested, beginning of year650,046 $85.23 
Granted(1)
348,371 52.63 
Adjusted shares based on performance(2)
(81,547)73.09 
Vested(2)
(76,827)72.98 
Forfeited(180,375)72.99 
Non-vested, end of period(1)
659,668 $74.29 
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(1)The number of awards assumes that the associated performance condition is met at the target amount (multiplier of one). The final number of shares of our common stock issued may vary depending on the performance multiplier, which ranges from zero to 225%, depending on the level of satisfaction of the performance condition.
(2)Upon completion of the performance period for the PSUs granted in 2022, a performance achievement of 46% or 54%, as applicable, was applied to each of the grants, resulting in a number of shares less than the target amount of such PSUs being settled during the nine months ended September 30, 2025.