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Share-based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Share-based Compensation Expense

Share-based compensation expense consisted of the following:

			Year Ended December 31,
			2022						2021						2020
Total share-based compensation expense from restricted share units			$	26					$	31					$	30

Weighted-Average Assumptions Utilized to Value Grants

The following weighted-average assumptions were utilized to value the grants in 2022, 2021 and 2020:

			2022						2021						2020
Dividend yield			3.22		%				1.56		%				2.13		%
Expected historical volatility			68.00		%				71.10		%				58.30		%
Risk free interest rate			3.06		%				0.17		%				1.42		%
Expected life (in years)			3						3						3

Summary of Activity for Restricted Stock Share Units (RSUs)

The following table presents a summary of activity for RSUs for 2022:

			Number of Shares						Weighted Average Grant Date Fair Value
Outstanding, January 1, 2022			5,114,945						$	13.12
Granted			2,313,346						19.47
Vested			(3,428,058)						12.92
Forfeited			(209,829)						18.72
Outstanding, December 31, 2022			3,790,404						$	17.01
Expected to vest, December 31, 2022			3,005,712						$	14.26

Summary of Activity for Options

The following table presents a summary of option activity for 2022:

			Number of Options						Weighted Average Exercise Price						Weighted Average Contractual Life (years)						Intrinsic Value
Outstanding, January 1, 2022			756,327						$	22.13					1.3						$	2
Exercised			(13,881)						19.59
Forfeited			(3,842)						20.30
Expired			(223,512)						25.95
Outstanding and Exercisable, December 31, 2022			515,092						$	20.55					0.62						$	—

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Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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