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Employee Stock-based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Expense The Company recorded stock-based compensation expense for the years ended December 31 as follows: 
In millions202220212020
Stock options$— $— $
Restricted share units122 109 98 
Employee stock purchase program
Total stock-based compensation before income taxes126 112 101 
Tax benefit(23)(19)(5)
Total stock-based compensation, net of tax$103 $93 $96 
The Company's Stock Option Activity
The following table summarizes the Company's stock option activity for the year ended December 31, 2022:
Shares in thousandsShares Under OptionWeighted-Average Exercise Price per ShareAverage Remaining Contractual Term (in years)Aggregate Intrinsic Value (in millions)
Outstanding at January 1, 2022781 $41.12 2.7$
Exercised(87)$31.62 
Canceled(173)$58.47 
Outstanding at December 31, 2022521 $36.93 
Fully vested and expected to vest at December 31, 2022521 $36.93 2.2$
Exercisable at December 31, 2022521 $36.93 2.2$
Schedule of Intrinsic Value of Options Exercised
The following table summarizes the total intrinsic value of options exercised and the cash received by the Company from option exercises under all share-based payment arrangements at December 31:
In millions202220212020
Intrinsic value of options exercised
$$12 $— 
Cash received from option exercises
$$31 $— 
Tax benefit realized from option exercises$— $$— 
Restricted Stock and Restricted Stock Unit Activity The following table reports restricted shares and restricted share unit activity during the year ended December 31, 2022:
Shares in thousandsNumber of
Shares
Weighted-
Average 
Grant
Date Fair
 Value
per Share
Unvested shares at January 1, 20227,371 $33.38 
Granted3,442 $47.44 
Vested(3,108)$34.06 
Forfeited/canceled(709)$39.30 
Unvested shares at December 31, 20226,996 $39.40 
Weighted-Average Fair Value and Total Fair Value of Shares Vested The following table summarizes the weighted-average fair value of restricted share units granted for Teradata equity awards and the total fair value of shares vested.
202220212020
Weighted-average fair value of restricted share units granted
$47.44 $41.18 $20.74 
Total fair value of shares vested (in millions)
$106 $93 $80 
The Composition of Teradata Restricted Stock Grants The following table represents the composition of Teradata restricted share unit grants in 2022
Shares in thousandsNumber of
Shares
Weighted-
Average 
Grant
Date Fair 
Value
Service-based restricted share units2,900 $47.10 
Performance-based restricted share units542 $49.27 
Total restricted share unit grants3,442 $47.44 
Employee Purchases and Aggregate Cost Employee purchases and aggregate cost were as follows at December 31:
In millions202220212020
Employee stock purchases0.4 0.3 0.7 
Aggregate cost $12 $10 $14