v3.26.1
Share-Based Compensation Weighting for Components of Performance Based RSU Awards (Details) - USD ($)
$ in Millions
1 Months Ended 3 Months Ended
Apr. 28, 2026
Apr. 22, 2025
Apr. 30, 2026
Feb. 28, 2025
Mar. 31, 2026
Performance Shares          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Share-Based Compensation Arrangement by Share-Based Payment Award, Performance Adjustment Percentage         20.00%
PLC Long Term Incentive Plan | Restricted Stock Units (RSUs)          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Performance-Based Awards % Granted For Officers         60.00%
PLC Long Term Incentive Plan | Restricted Stock Units (RSUs) | Executives | Time-Based          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
RSU's Issued in Period, Gross       554,363  
Fair Value of RSUs Vested in Period       $ 36  
RSU's, Used to Pay Witholding Taxes       224,317  
PLC Long Term Incentive Plan | Restricted Stock Units (RSUs) | Executives | Time-Based | Subsequent Event          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
RSU's Issued in Period, Gross     666,811    
Fair Value of RSUs Vested in Period     $ 49    
RSU's, Used to Pay Witholding Taxes     267,741    
PLC Long Term Incentive Plan | Restricted Stock Units (RSUs) | Board of Directors          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
RSU's Issued in Period, Gross   29,199      
Fair Value of RSUs Vested in Period   $ 2      
RSU's, Used to Pay Witholding Taxes   (1,298)      
PLC Long Term Incentive Plan | Restricted Stock Units (RSUs) | Board of Directors | Subsequent Event          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
RSU's Issued in Period, Gross 41,121        
Fair Value of RSUs Vested in Period $ 2        
RSU's, Used to Pay Witholding Taxes (3,653)        
PLC Long Term Incentive Plan | 2020 - 2022 Grants          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Average return on net assets         33.00%
Cumulative net income         33.00%
Relative total shareholder return [1]         33.00%
PLC Long Term Incentive Plan | 2022 Grant | Restricted Stock Units (RSUs) | Executives | Performance-Based          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
RSU's Issued in Period, Gross         138,010
Fair Value of RSUs Vested in Period         $ 9
RSU's, Used to Pay Witholding Taxes         58,518
PLC Long Term Incentive Plan | 2025 Grant          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformanceSoftwareandAdjacentMarketRevenueWeightingMetric [1]         30.00%
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformanceAverageReturnOnInvestedCapitalWeightingMetric [1]         70.00%
PLC Long Term Incentive Plan | 2023 Grants | Restricted Stock Units (RSUs) | Executives | Performance-Based          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
RSU's Issued in Period, Gross         450,010
Fair Value of RSUs Vested in Period         $ 33
RSU's, Used to Pay Witholding Taxes         190,981
[1] Relative total shareholder return is measured by comparing the average closing price per share of the Company’s ordinary shares for the specified trading days in December of the performance period to the average closing price per share of the Company’s ordinary shares for the specified trading days in December of the year preceding the grant, including dividends, and assessed against a comparable measure of competitor and peer group companies.
(3)The performance-based RSUs granted in 2025 and thereafter are subject to a performance modifier based on relative total shareholder return, whereby the ultimate payout level of the performance-based RSUs may be adjusted upwards by 20% if relative total shareholder return is in the upper quartile against a comparable measure of competitor and peer group companies or downwards by 20% if in the bottom quartile for the specified trading days of the performance period as defined above. There will be no adjustment if relative total shareholder return is in the middle quartiles.
(4)Average return on net assets is measured by tax-affected operating income divided by average net working capital plus average net property, plant and equipment for each calendar year during the respective performance period.