STOCK COMPENSATION PLANS (Tables)
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12 Months Ended |
Dec. 31, 2020 |
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| Share-based Payment Arrangement [Abstract] |
Ìý
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| Share-based Payment Arrangement, Cost by Plan [Table Text Block] |
The following table summarizes the total compensation expense recognized for stock-based compensation awards:
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(InÌýMillions,Ìýexcept per
shareÌýamounts) |
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Year Ended December 31, |
| Ìý |
2020 |
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2019 |
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2018 |
| Cost of goods sold |
$ |
(2) |
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$ |
(2) |
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$ |
(2) |
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| Selling, general and administrative expenses |
(13) |
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(16) |
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(13) |
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| Acquisition-related costs |
(2) |
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—Ìý |
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—Ìý |
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| Stock based compensation expense |
(17) |
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(18) |
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(15) |
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Income tax benefit1
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4Ìý
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4Ìý |
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—Ìý |
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| Stock based compensation expense, net of tax |
$ |
(13) |
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$ |
(14) |
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$ |
(15) |
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| Decrease in basic earnings per common share |
$ |
(0.03) |
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$ |
(0.05) |
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$ |
(0.05) |
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| Decrease in diluted earnings per common share |
$ |
(0.03) |
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$ |
(0.05) |
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$ |
(0.05) |
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1 No income tax benefit in 2018 due to the full valuation allowance.
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| Share-based Payment Arrangement, Performance Shares, Activity |
The following table summarizes the performance award activity:
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Year Ended December 31, |
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2020 |
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2019 |
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2018 |
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Number of Shares |
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Weighted Average Grant Date Fair Value |
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Number of Shares |
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Weighted Average Grant Date Fair Value |
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Number of Shares |
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Weighted Average Grant Date Fair Value |
| Outstanding at beginning of year |
1,935,878Ìý
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$ |
15.58Ìý
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1,424,723Ìý |
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$ |
14.46Ìý |
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1,848,312Ìý |
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$ |
13.42Ìý |
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| Granted |
2,510,853Ìý
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5.49Ìý
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572,104Ìý |
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18.31Ìý |
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675,599Ìý |
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11.93Ìý |
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| Distributed |
(1,938,786) |
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12.23Ìý
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—Ìý |
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—Ìý |
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(489,953) |
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10.89Ìý |
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| Performance adjustment |
549,154Ìý
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15.63Ìý
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—Ìý |
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—Ìý |
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(560,720) |
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10.69Ìý |
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| Forfeited/canceled |
(604,873) |
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5.70Ìý
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(60,949) |
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15.12Ìý |
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(48,515) |
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19.33Ìý |
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| Outstanding at end of year |
2,452,226Ìý
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$ |
10.34Ìý
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1,935,878Ìý |
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$ |
15.58Ìý |
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1,424,723Ìý |
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$ |
14.46Ìý |
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| Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity |
The following table summarizes the restricted stock units activity:
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Year Ended December 31, |
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2020 |
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2019 |
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2018 |
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Number of Shares |
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Weighted Average Grant Date Fair Value |
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Number of Shares |
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Weighted Average Grant Date Fair Value |
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Number of Shares |
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Weighted Average Grant Date Fair Value |
| Outstanding at beginning of year |
2,147,183Ìý
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$ |
9.10Ìý
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4,694,360Ìý |
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$ |
4.18Ìý |
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4,403,112Ìý |
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$ |
3.64Ìý |
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| Granted |
1,160,928Ìý
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4.87Ìý
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572,104Ìý |
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11.24Ìý |
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685,599Ìý |
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7.53Ìý |
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| Distributed |
(1,101,115) |
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8.58Ìý
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(3,058,307) |
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1.95Ìý |
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(254,196) |
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3.30Ìý |
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| Forfeited/canceled |
(63,413) |
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7.31Ìý
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(60,974) |
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9.31Ìý |
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(140,155) |
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5.17Ìý |
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| Outstanding at end of year |
2,143,583Ìý
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$ |
7.12Ìý
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2,147,183Ìý |
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$ |
9.10Ìý |
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4,694,360Ìý |
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$ |
4.18Ìý |
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| Share-based Payment Arrangement, Option, Activity |
The following table summarizes the stock option activity:
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Year Ended December 31, |
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2020 |
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2019 |
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2018 |
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Number of Shares |
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Weighted Average Exercise Price |
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Number of Shares |
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Weighted Average Exercise Price |
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Number of Shares |
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Weighted Average Excercise Price |
| Outstanding at beginning of year |
563,230Ìý
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$ |
10.42Ìý
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563,230Ìý
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$ |
10.42Ìý |
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599,870Ìý |
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$ |
10.25Ìý |
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| Granted |
2,010,277Ìý
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11.86Ìý
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—Ìý |
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—Ìý |
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—Ìý |
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—Ìý |
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| Exercised |
(79,973) |
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7.01Ìý
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—Ìý |
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—Ìý |
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(36,640) |
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7.70Ìý |
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| Forfeited/canceled |
(7,726) |
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41.04Ìý
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—Ìý |
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—Ìý |
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—Ìý |
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—Ìý |
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| Outstanding at end of year |
2,485,808Ìý
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$ |
11.60Ìý
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563,230Ìý |
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$ |
10.42Ìý |
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563,230Ìý |
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$ |
10.42Ìý |
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| Exercisable at end of year |
2,172,052Ìý
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$ |
11.86Ìý
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563,230Ìý |
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$ |
10.42Ìý |
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563,230Ìý |
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$ |
10.42Ìý |
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| Incentive Compensation and Other Benefit Plans for Employees and Directors [Table Text Block] |
For the last three years, grants of restricted and/or deferred shares have been awarded to elected or re-elected nonemployee directors as follows:
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| Year of Grant |
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Restricted Shares |
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Deferred Shares |
| 2020 |
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253,809Ìý |
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54,794Ìý |
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| 2019 |
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86,477Ìý |
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23,659Ìý |
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| 2018 |
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92,718Ìý |
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17,170Ìý |
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