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Stock Compensation Plans
 3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Stock Compensation Plans STOCK COMPENSATION PLANS
The Company has various plans under which its officers, senior management, other key employees and directors may be granted equity-based awards. Equity awards outstanding under the plans include PRSUs, Restricted Stock Units (“RSUs”), Stock-Settled Appreciation Rights (“SSARs”) and Long-Term Incentive Plan awards. Liability-based awards outstanding under the plans are cash-settled RSUs.
Stock-based compensation expense and related tax benefits were as follows:
 Three Months Ended March 31,
(DOLLARS IN MILLIONS)20242023
Equity-based awards$18 $12 
Liability-based awards1 — 
Total stock-based compensation expense19 12 
Less: Tax benefit(4)(2)
Total stock-based compensation expense, after tax$15 $10 
As of March 31, 2024, there was approximately $64 million of total unrecognized compensation cost related to non-vested awards granted under the equity incentive plans.