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Annual report [Section 13 and 15(d), not S-K Item 405]

STOCK COMPENSATION PLANS (Tables)

v3.25.0.1
STOCK COMPENSATION PLANS (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] Ìý
Summary of Total Compensation Expense Recognized for Stock-Based Compensation Awards
The following table summarizes the total compensation expense recognized for stock-based compensation awards:
Year Ended December 31,
(In millions, except per share amounts) 2024 2023 2022
Cost of goods sold $ (11) $ (9) $ (5)
Selling, general and administrative expenses (39) (32) (23)
Stock based compensation expense (50) (41) (28)
Income tax benefit 13Ìý 10Ìý 7Ìý
Stock based compensation expense, net of tax $ (37) $ (31) $ (21)
Decrease in basic earnings per common share $ (0.08) $ (0.06) $ (0.04)
Decrease in diluted earnings per common share $ (0.08) $ (0.06) $ (0.04)
Summary of Performance Award Activity
The following table summarizes the performance award activity:
2024 2023 2022
(Shares in millions) Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value
Outstanding at beginning of year 2.5Ìý $ 29.09Ìý 2.7Ìý $ 18.53Ìý 2.4Ìý $ 14.04Ìý
Granted 1.2Ìý 30.36Ìý 1.1Ìý 31.88Ìý 1.0Ìý 28.46Ìý
Distributed (0.5) 25.12Ìý (1.8) 6.50Ìý (1.1) 17.04Ìý
Performance adjustment (0.1) 25.12Ìý 0.7Ìý 6.43Ìý 0.5Ìý 17.84Ìý
Forfeited/canceled (0.1) 30.57Ìý (0.2) 28.65Ìý (0.1) 23.74Ìý
Outstanding at end of year 3.0Ìý $ 30.33Ìý 2.5Ìý $ 29.09Ìý 2.7Ìý $ 18.53Ìý
Summary of Restricted Stock Unit Activity
The following table summarizes the restricted stock units activity:
2024 2023 2022
(Shares in millions) Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value
Outstanding at beginning of year 2.5Ìý $ 18.87Ìý 2.4Ìý $ 13.66Ìý 2.1Ìý $ 10.31Ìý
Granted 1.2Ìý 19.54Ìý 1.2Ìý 19.30Ìý 1.0Ìý 19.41Ìý
Distributed (0.6) 17.55Ìý (0.9) 5.99Ìý (0.6) 10.47Ìý
Forfeited/canceled —Ìý 19.62Ìý (0.2) 19.84Ìý (0.1) 17.82Ìý
Outstanding at end of year 3.1Ìý $ 19.40Ìý 2.5Ìý $ 18.87Ìý 2.4Ìý $ 13.66Ìý
Summary of Stock Option Activity
The following table summarizes the stock option activity:
2024 2023 2022
(Shares in millions) Number of Shares Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price
Outstanding at beginning of year 0.5Ìý $ 9.59Ìý 0.6Ìý $ 10.39Ìý 1.0Ìý $ 12.75Ìý
Exercised (0.3) 7.79Ìý (0.1) 10.22Ìý (0.3) 16.55Ìý
Forfeited/canceled —Ìý 20.11Ìý —Ìý 21.05Ìý (0.1) 22.78Ìý
Outstanding at end of year 0.2Ìý $ 11.77Ìý 0.5Ìý $ 9.59Ìý 0.6Ìý $ 10.39Ìý
Exercisable at end of year 0.2Ìý $ 11.77Ìý 0.5Ìý $ 9.59Ìý 0.6Ìý $ 10.52Ìý