v3.26.1
Stock Compensation Plans
 6 Months Ended
Jun. 30, 2026
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 Restricted Stock Units (“RSUs”), Stock-Settled Appreciation Rights (“SSARs”) and Stock Options, and Performance Stock Units (“PSUs”). 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 June 30,Six Months Ended June 30,
(DOLLARS IN MILLIONS)2026202520262025
Equity-based awards$32 $29 $45 $46 
Liability-based awards1 1 2 1 
Total stock-based compensation expense33 30 47 47 
Less: Tax benefit(6)(8)(9)(12)
Total stock-based compensation expense, after tax$27 $22 $38 $35 
As of June 30, 2026, there was approximately $86 million of total unrecognized compensation cost related to non-vested awards granted under the equity incentive plans.