v3.20.4
Share-Based Payments (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Summary Of Compensation Costs Recognized In The Consolidated Statements Of Operations
The following table summarizes the elements of compensation cost recognized in the consolidated statements of income for the years ended December 31:
202020192018
 (In millions)
Compensation cost of share-based compensation awards:
Restricted and performance stock awards$53 $51 $50 
Tax benefits related to share-based compensation cost(13)(13)(13)
Compensation cost of share-based compensation awards, net of tax$40 $38 $37 
Summary Of Activity Related To Stock Options
The following table summarizes the activity for 2020, 2019 and 2018 related to stock options:
Number of
Options
Weighted-
Average
Exercise
Price
Aggregate
Intrinsic Value
(In millions)
Weighted-Average Remaining Contractual Term
Outstanding at December 31, 20179,407,898 $16.58 $35 1.05 years
Granted— — 
Exercised(1,619,206)7.08 
Forfeited or expired(6,063,969)21.88 
Outstanding at December 31, 20181,724,723 $6.86 $11 1.74 years
Granted— — 
Exercised(756,954)6.93 
Forfeited or expired— — 
Outstanding at December 31, 2019967,769 $6.80 $10 0.83 years
Granted— — 
Exercised(911,181)6.80 
Forfeited or expired(29,917)7.00 
Outstanding at December 31, 202026,671 $6.54 $— 0.41 years
Exercisable at December 31, 202026,671 $6.54 $— 0.41 years
The aggregate intrinsic value of exercised options was $8 million for 2020, $8 million for 2019, and $10 million for 2018. Cash received from options exercised was $5 million, $5 million, and $11 million in 2020, 2019, and 2018, respectively. The actual tax benefit realized for the tax deductions from options exercised totaled $1 million for 2020, $2 million for 2019, and $4 million for 2018.
Summary Of Activity Related to Restricted Stock Awards And Performance Stock Awards
Activity related to restricted stock awards and performance stock awards for 2020, 2019 and 2018 is summarized as follows:
Number of
Shares/Units
Weighted-Average
Grant Date
Fair Value
Non-vested at December 31, 201715,263,034 $10.12 
Granted3,051,090 18.17 
Vested(6,038,566)9.64 
Forfeited(747,021)13.00 
Non-vested at December 31, 201811,528,537 $12.32 
Granted3,971,303 14.70 
Vested(6,068,969)8.47 
Forfeited(433,513)15.25 
Non-vested at December 31, 20198,997,358 $15.62 
Granted6,466,526 8.46 
Vested(3,314,572)14.60 
Forfeited(467,152)11.86 
Non-vested at December 31, 202011,682,160 $12.14