XML 51 R37.htm IDEA: XBRL DOCUMENT v3.20.2
Long-term Incentive Compensation (Tables)
 6 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Stock-Based Compensation Costs
The Company recognized the following amounts in total employee stock-based compensation costs for the three and six months ended June 30, 2020 and 2019:
For the three months ended June 30,For the six months ended June 30,
(in millions)2020201920202019
Stock-based compensation cost – expensed$6  $4  $6  $11  
Stock-based compensation cost – capitalized1  2  1  6  
Schedule of Equity-Classified Stock-Based Compensation Costs
The Company recognized the following amounts in employee equity-classified stock-based compensation costs for the three and six months ended June 30, 2020 and 2019:
For the three months ended June 30,For the six months ended June 30,
(in millions)2020201920202019
Equity-classified awards – expensed$1  $2  $2  $4  
Equity-classified awards – capitalized—  1  —  2  
Summary of Equity-Classified Stock Option Activity
The following table summarizes equity-classified stock option activity for the six months ended June 30, 2020 and provides information for options outstanding and options exercisable as of June 30, 2020:
Number
of Options		Weighted Average
Exercise Price
(in thousands) 
Outstanding at December 31, 20194,635  $15.26  
Granted—  $—  
Exercised—  $—  
Forfeited or expired(157) $9.15  
Outstanding at June 30, 20204,478  $15.48  
Exercisable at June 30, 20204,478  $15.48  
Summary of Equity-Classified Restricted Stock Activity
The following table summarizes equity-classified restricted stock activity for the six months ended June 30, 2020 and provides information for unvested shares as of June 30, 2020:
Number
of Shares		Weighted Average
Fair Value
(in thousands) 
Unvested shares at December 31, 20191,480  $7.00  
Granted507  $2.88  
Vested(1,003) $5.49  
Forfeited(241) $7.69  
Unvested shares at June 30, 2020743  $6.00  
Summary of Equity-Classified Performance Units Activity
The following table summarizes equity-classified performance unit activity for the six months ended June 30, 2020 and provides information for unvested units as of June 30, 2020.  The performance unit awards granted in 2018 include a market condition based exclusively on the Total Shareholder Return (“TSR”), with their fair value calculated by a Monte Carlo model.  The total fair value of the performance units is amortized to compensation expense on a straight line basis over the vesting period of the award.  The grant date fair value is calculated using the closing price of the Company’s common stock at the grant date.

Number
of Units (1)
Weighted Average
Fair Value
(in thousands) 
Unvested units at December 31, 2019178  $10.47  
Granted—  $—  
Vested(178) $10.47  
Forfeited—  $—  
Unvested units at June 30, 2020—  $—  
(1)The actual payout of shares may range from a minimum of zero shares to a maximum of two shares per unit contingent upon TSR.  The performance units have a three-year vesting term and the actual disbursement of shares, if any, is determined during the first quarter following the end of the three-year vesting period.
Schedule of Liability-Classified Stock-Based Compensation Costs
The Company recognized the following amounts in employee liability-classified stock-based compensation costs for the three and six months ended June 30, 2020:
For the three months ended June 30,For the six months ended June 30,
(in millions)2020201920202019
Liability-classified stock-based compensation cost – expensed$5  $2  $4  $7  
Liability-classified stock-based compensation cost – capitalized1  1  1  4  
Summary of Liability-Classified Restricted Stock Unit Activity As of June 30, 2020, there was $26 million of total unrecognized compensation cost related to liability-classified restricted stock units that is expected to be recognized over a weighted-average period of 2.8 years. The amount of unrecognized compensation cost for liability-classified awards will fluctuate over time as they are marked to market.
Number
of Units		Weighted Average
Fair Value
(in thousands) 
Unvested units at December 31, 201912,992  $2.42  
Granted6,172  $1.41  
Vested(3,946) $1.42  
Forfeited(2,829) $1.56  
Unvested units at June 30, 202012,389  $2.56  
Summary of Liability-Classified Performance Unit Activity
Number
of Units		Weighted Average
Fair Value
(in thousands) 
Unvested units at December 31, 20195,142  $2.42  
Granted6,172  $1.41  
Vested—  $—  
Forfeited(2,124) $3.10  
Unvested units at June 30, 20209,190  $2.56  
Summary of Liability-Classified Performance Unit Activity
Number
of Units		Weighted Average Fair Value
(in thousands)
Unvested units at December 31, 2019—  $—  
Granted20,044  $1.00  
Vested—  $—  
Forfeited(451) $1.00  
Unvested units at June 30, 202019,593  $1.00