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Stock and Incentive Programs for Employees and Directors (Tables)
12 Months Ended
Dec. 31, 2021
Schedule of Stock Option Activity

Stock option awards as of December 31, 2021 and 2020, and changes during the year ended December 31, 2021 were as follows:

 

 

Shares Under Option

(thousands)

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Term

(years)

 

 

Aggregate

Intrinsic

Value

(millions)

 

Outstanding at December 31, 2020

 

276

 

 

 

23.59

 

 

 

0.9

 

 

$

 

Cancelled/forfeited/expired

 

(191

)

 

 

24.53

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2021

 

85

 

 

 

21.47

 

 

 

0.2

 

 

 

 

Vested and exercisable at December 31, 2021

 

85

 

 

$

21.47

 

 

 

0.2

 

 

$

 

 

Nonvested Restricted Stock Unit Awards

Nonvested restricted stock unit awards as of December 31, 2021 and 2020, and changes during the year ended December 31, 2021 were as follows:

 

 

Shares

(thousands)

 

 

Weighted

Average Grant

Date Fair Value

 

Nonvested at December 31, 2020

 

1,440

 

 

$

3.18

 

Granted

 

1,042

 

 

 

4.73

 

Vested

 

(2,370

)

 

 

3.84

 

Forfeited

 

(112

)

 

 

3.67

 

Nonvested at December 31, 2021

 

 

 

$

 

 

Schedule of Nonvested Performance Share Units Activity

Nonvested performance share unit awards as of December 31, 2021 and 2020, and changes during the year ended December 31, 2021, were as follows:

 

 

Shares

(thousands)

 

 

Weighted

Average Grant

Date Fair Value

 

Nonvested at December 31, 2020

 

2,076

 

 

$

3.94

 

Granted

 

850

 

 

 

4.52

 

Performance adjustment

 

649

 

 

 

3.11

 

Vested

 

(3,291

)

 

 

3.99

 

Forfeited

 

(107

)

 

 

3.61

 

Nonvested at December 31, 2021

 

177

 

 

$

2.93

 

Phantom Stock Units  
Schedule of Nonvested Performance Share Units Activity

Phantom stock unit awards as of December 31, 2021 and 2020, and changes during the year ended December 31, 2021, were as follows:

 

 

Shares

(thousands)

 

 

Weighted

Average Grant

Date Fair Value

 

Nonvested at December 31, 2020

 

4,603

 

 

$

3.25

 

Granted

 

1,719

 

 

 

3.26

 

Performance adjustment

 

208

 

 

 

3.54

 

Vested

 

(3,465

)

 

 

3.27

 

Forfeited

 

(708

)

 

 

3.22

 

Nonvested at December 31, 2021

 

2,357

 

 

$

3.26