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Stock-Based Compensation Plans Stock-Based Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Share-based Payment Arrangement, Cost by Plan [Table Text Block]
The following table presents the stock-based compensation expense included in Exelon's Consolidated Statements of Operations and Comprehensive Income. The Utility Registrants' stock-based compensation expense for the years ended December 31, 2022, 2021, and 2020 was not material.
Year Ended December 31,
Exelon202220212020
Total stock-based compensation expense included in operating and maintenance expense$41 $95 $37 
Income tax benefit(10)(25)(9)
Total after-tax stock-based compensation expense$31 $70 $28 
Stock Based Compensation Tax Benefit The following table presents information regarding Exelon’s realized tax benefit when distributed:
Year Ended December 31,
202220212020
Performance share awards$6 $6 $15 
Restricted stock units6 6 8 
Schedule of Nonvested Performance-based Units Activity The following table summarizes Exelon’s nonvested performance share awards activity:
SharesWeighted Average
Grant Date Fair
Value (per share)
Nonvested at December 31, 2021(a)
1,222,516 $44.96 
Granted727,697 43.05 
Change in performance (216,981)42.73 
Vested(233,318)47.39 
Forfeited(86,128)42.61 
Awards surrendered as a result of the separation(2,308,745)
Awards granted in conversion as a result of the separation1,870,990 
Undistributed vested awards(b)(c)
(109,226)4.55 
Nonvested at December 31, 2022(a)
866,805 $41.86 
__________
(a)Excludes 1,539,819 and 1,934,238 of performance share awards issued to retirement-eligible employees as of December 31, 2022 and 2021, respectively, as they are fully vested.
(b)The significant reduction in weighted average grant date fair value during 2022 primarily resulted from more pre-separation shares being surrendered than shares issued to Exelon retirement eligible employees post-separation.
(c)Represents performance share awards that vested but were not distributed to retirement-eligible employees during 2022.
Schedule of weighted average grant date fair value
The following table summarizes the weighted average grant date fair value and the total fair value of performance share awards vested.
Year Ended December 31,
2022(a)
20212020
Weighted average grant date fair value (per share)$43.05 $43.37 $46.61 
Total fair value of performance shares vested 29 44 39 
Total fair value of performance shares settled in cash25 28 63 
__________
(a)As of December 31, 2022, $12 million of total unrecognized compensation costs related to nonvested performance shares are expected to be recognized over the remaining weighted-average period of 1.8 years.
Schedule of Nonvested Restricted Stock Units Activity The following table summarizes Exelon’s nonvested restricted stock unit activity:
SharesWeighted Average
Grant Date Fair
Value (per share)
Nonvested at December 31, 2021(a)
1,142,049 $43.52 
Granted468,514 42.97 
Vested(499,621)42.28 
Forfeited(71,816)41.89 
Awards surrendered as a result of the separation(943,509)
Awards granted in conversion as a result of the separation643,994
Undistributed vested awards(b)
(178,450)38.24 
Nonvested at December 31, 2022(a)
561,161$41.98 
__________
(a)Excludes 476,592 and 609,934 of restricted stock units issued to retirement-eligible employees as of December 31, 2022 and 2021, respectively, as they are fully vested.
(b)Represents restricted stock units that vested but were not distributed to retirement-eligible employees during 2022.
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity
The following table summarizes the weighted average grant date fair value and the total fair value of restricted stock units vested.
Year Ended December 31,
2022(a)
20212020
Weighted average grant date fair value (per share)$42.97 $44.21 $46.33 
Total fair value of restricted stock units vested23 34 54 
__________
(a)As of December 31, 2022, $11 million of total unrecognized compensation costs related to nonvested restricted stock units are expected to be recognized over the remaining weighted-average period of 1.90 years.
Schedule of Share-based Compensation, Stock Options, Activity
The following table presents information with respect to stock option activity:
SharesWeighted
Average
Exercise
Price
(per share)		Weighted
Average
Remaining
Contractual
Life
(years)		Aggregate
Intrinsic
Value
Balance of shares outstanding at December 31, 202127,007 $46.47 0.15$— 
Options exercised(27,644)38.56 — 
Options expired— — 
Awards surrendered as a result of the separation(2,000)
Awards granted in conversion as a result of the separation2,637 
Balance of shares outstanding at December 31, 2022— $— 0$— 
Exercisable at December 31, 2022— $— 0$— 
Stock Options Exercised The following table summarizes additional information regarding stock options exercised:
Year Ended December 31,
202220212020
Intrinsic value(a)
$— $11 $5 
Cash received for exercise price1 37 18 
__________
(a)The difference between the market value on the date of exercise and the option exercise price.