v3.25.4

Stock Compensation Plans (Tables) | 12 Months Ended
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Dec. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock Option Activity | The following table summarizes the activity related to options during 2025:
| Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (Years) |  | Aggregate Intrinsic Value (In millions)
Outstanding at January 1 | 3,837,588 |  |  | $ | 16.00 |  |  |  |  |
Options granted | — |  |  | — |  |  |  |  |
Options exercised | (87,500) |  |  | 10.12 |  |  |  |  | — |
Options expired | (312,718) |  |  | 27.16 |  |  |  |  |
Options cancelled | (801,777) |  |  | 11.98 |  |  |  |  |
Outstanding at December 31 | 2,635,593 |  |  | 15.67 |  |  | 3.3 |  | — |
Vested and expected to vest at December 31 | 2,635,593 |  |  | 15.67 |  |  | 3.3 |  | — |
Exercisable at December 31 | 2,635,593 |  |  | 15.67 |  |  | 3.3 |  | — |
Available for grant at December 31 | 23,537,236 |  |  |  |  |  |  |
Schedule of Significant Options Groups Outstanding | Significant option groups outstanding at December 31, 2025 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 |  | 1,986,167 |  |  | 1,986,167 |  |  | $ | 10.12 |  |  | 4.16
2/27/2017 |  | 330,668 |  |  | 330,668 |  |  | 35.26 |  |  | 1.16
2/22/2016 |  | 315,602 |  |  | 315,602 |  |  | 29.90 |  |  | 0.15
All Other (1) |  | 3,156 |  |  | 3,156 |  |  |  |  |
|  | 2,635,593 |  |  | 2,635,593 |  |  |  |  |
(1)Options in the “All Other” category had exercise prices ranging from $27.49 to $32.72. The weighted average exercise price for options outstanding and exercisable in that category was $29.20 for both, while the remaining weighted average contractual term was 0.4 years for both.
Schedule of Nonvested Share Activity | The following table summarizes the activity related to performance share units during 2025:
| Units |  | Weighted Average Grant Date Fair Value
Unvested at January 1 | 1,079,495 |  |  | $ | 11.51 |
Units granted | 1,011,913 |  |  | 9.30 |
Units vested | (532,991) |  |  | 10.93 |
Units forfeited | (366,646) |  |  | 10.68 |
Unvested at December 31 | 1,191,771 |  |  | 9.64 |
The following table summarizes the activity related to restricted stock units during 2025:
| Units |  | Weighted Average Grant Date Fair Value
Unvested at January 1 | 2,579,631 |  |  | $ | 11.96 |
Units granted | 2,284,462 |  |  | 9.64 |
Units vested | (1,198,894) |  |  | 10.58 |
Units forfeited | (582,779) |  |  | 10.87 |
Unvested at December 31 | 3,082,420 |  |  | 10.53 |
Units vested but not released | 1,396,332 |  |  | 9.62 |
Outstanding at December 31 | 4,478,752 |  |  | 10.24 |
Schedule of 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) | 2025 |  | 2024 |  | 2023
Stock-based compensation expense recognized | $ | 23 |  |  | $ | 23 |  |  | $ | 19 |
Tax benefit | — |  |  | (5) |  |  | (4) |
After-tax stock-based compensation expense | $ | 23 |  |  | $ | 18 |  |  | $ | 15 |
Cash payments to settle SARs | $ | — |  |  | $ | — |  |  | $ | — |
Cash received from stock option exercises | $ | 1 |  |  | $ | 3 |  |  | $ | 3 |

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