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Stock Compensation Plans (Tables) | 12 Months Ended
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Dec. 31, 2024
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
Summary of Stock Option Activity | The following table summarizes the activity related to options during 2024:
|  | Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (Years) |  |  | Aggregate Intrinsic Value (In millions) |
Outstanding at January 1 |  |  | 5,064,815 |  |  | $ | 17.74 |  |  |  |  |  |  |
Options granted |  |  | — |  |  |  | — |  |  |  |  |  |  |
Options exercised |  |  | (286,414 | ) |  |  | 10.12 |  |  |  |  |  | $ | 0.5 |
Options expired |  |  | (652,937 | ) |  |  | 27.82 |  |  |  |  |  |  |
Options cancelled |  |  | (287,876 | ) |  |  | 25.67 |  |  |  |  |  |  |
Outstanding at December 31 |  |  | 3,837,588 |  |  |  | 16.00 |  |  |  | 4.0 |  |  |  | — |
Vested and expected to vest at December 31 |  |  | 3,837,588 |  |  |  | 16.00 |  |  |  | 4.0 |  |  |  | — |
Exercisable at December 31 |  |  | 3,837,588 |  |  |  | 16.00 |  |  |  | 4.0 |  |  |  | — |
Available for grant at December 31 |  |  | 12,991,397 |  |  |  |  |  |  |  |  |  |
Significant Options Groups Outstanding | Significant option groups outstanding at December 31, 2024 and related weighted average exercise price and remaining contractual term information follows:
Grant Date |  | Options Outstanding |  |  | Options Exercisable |  |  | Exercise Price |  |  | Remaining Contractual Term (Years) |
2/25/2020 |  |  | 2,749,434 |  |  |  | 2,749,434 |  |  | $ | 10.12 |  |  |  | 5.16 |
2/27/2017 |  |  | 364,815 |  |  |  | 364,815 |  |  |  | 35.26 |  |  |  | 2.16 |
2/22/2016 |  |  | 354,612 |  |  |  | 354,612 |  |  |  | 29.90 |  |  |  | 1.15 |
2/23/2015 |  |  | 312,718 |  |  |  | 312,718 |  |  |  | 27.16 |  |  |  | 0.15 |
All Other (1) |  |  | 56,009 |  |  |  | 56,009 |  |  |  |  |  |  |
|  |  | 3,837,588 |  |  |  | 3,837,588 |  |  |  |  |  |  |
(1) Options in the “All O ther” category had exercise prices ranging from $24.23 to $32.72. The weighted average exercise price for options outstanding and exercisable in that category was $29.14 for both, while the remaining weighted average contractual term was 1.2 years for b oth.
Stock-based Compensation Expense and Cash Activity | Stock-based compensation expense, cash payments made to settle SARs and cash received from the exercise of stock options follows:
(In millions) |  | 2024 |  |  | 2023 |  |  | 2022 |
Stock-based compensation expense recognized |  | $ | 23 |  |  | $ | 19 |  |  | $ | 14 |
Tax benefit |  |  | (5 | ) |  |  | (4 | ) |  |  | (3 | )
After-tax stock-based compensation expense |  | $ | 18 |  |  | $ | 15 |  |  | $ | 11 |
Cash payments to settle SARs |  | $ | — |  |  | $ | — |  |  | $ | — |
Cash received from stock option exercises |  | $ | 3 |  |  | $ | 3 |  |  | $ | 1 |
Performance Share Units |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
Nonvested Share Activity | The following table summarizes the activity related to performance share units during 2024:
|  | Units |  |  | Weighted Average Grant Date Fair Value |
Unvested at January 1 |  |  | 708,457 |  |  | $ | 14.69 |
Units granted |  |  | 1,231,366 |  |  |  | 11.43 |
Units vested |  |  | (305,328 | ) |  |  | 11.99 |
Units forfeited |  |  | (555,000 | ) |  |  | 15.26 |
Unvested at December 31 |  |  | 1,079,495 |  |  |  | 11.51 |
Restricted Stock Units |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
Nonvested Share Activity | The following table summarizes the activity related to restricted stock units during 2024:
|  | Units |  |  | Weighted Average Grant Date Fair Value |
Unvested at January 1 |  |  | 1,402,131 |  |  | $ | 13.60 |
Units granted |  |  | 1,927,241 |  |  |  | 11.61 |
Units vested |  |  | (660,124 | ) |  |  | 10.13 |
Units forfeited |  |  | (89,617 | ) |  |  | 12.27 |
Unvested at December 31 |  |  | 2,579,631 |  |  |  | 11.96 |
Units vested but not released |  |  | 1,752,819 |  |  |  | 11.12 |
Outstanding at December 31 |  |  | 4,332,450 |  |  |  | 11.62 |

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