Stock-Based Compensation

6 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

Note 16. Stock-Based Compensation

Stock‑Based Compensation Expense - The stock-based compensation expense related to employees and non-employee directors recognized for the following instruments and transactions were as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
(Amounts in millions)	2023		2022		2023		2022
Service-based restricted stock units	$	1	$	10	$	8	$	18
Service-based vesting stock options(1)	—		1		1		4
Service, performance and market-based vesting restricted stock units(2)	1		2		(1)		4
Service, performance and market-based vesting stock options(2)	1		—		(2)		—







Total	$	3	$	13	$	6	$	26

(1)Includes $0.1 million and $0.2 million of stock-based compensation expense recognized during the three months ended and six months ended June 30, 2023, respectively, for service-based option awards granted by the LatamCo subsidiary under the 2022 LatamCo ESOP.

(2)Includes reversals of previously recorded stock-based compensation expense of $1 million and $1 million, for unvested options and unvested RSUs, respectively, that were forfeited during the three months ended June 30, 2023, and $2 million and $1 million, for unvested options and unvested RSUs, respectively, that were forfeited during the six months ended June 30, 2023. During the three months ended June 30, 2022, the impact of reversals of previously recorded stock-based compensation expense for unvested options and unvested RSUs that were forfeited was $2 million and none, respectively. During the six months ended June 30, 2022, the impact of reversals of previously recorded stock-based compensation expense for unvested options and unvested RSUs that were forfeited was $4 million and $1 million, respectively.

The stock-based compensation expense related to employees and non-employee directors are reported in the following financial statement line items:


	Three Months Ended June 30,				Six Months Ended June 30,
(Amounts in millions)	2023		2022		2023		2022

Location operating expenses	$	1	$	2	$	2	$	4
Selling, general and administrative expenses	2		11		4		22




Total stock-based compensation expense	$	3	$	13	$	6	$	26

During the six months ended June 30, 2023, the Company granted 27 million service-based restricted stock units to employees that vest in three equal installments over a period of three years, subject to the employee's continued employment with the company.