v3.26.1
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Total Employee Compensation Expense and Related Income Tax Benefits
A summary of the total employee compensation expense and related income tax benefits recognized for grants made under the 2021 Omnibus Plan is as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(In millions)2026202520262025
Employee compensation expense$20 $16 $37 $31 
Income tax (benefit) expense— — 
Employee compensation expense, net$20 $19 $37 $34 
Schedule of Stock Option Activity
A summary of stock option activity under the 2021 Omnibus Plan for the first half of 2026 is presented below.
OptionsSharesWeighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Term (years)
Aggregate Intrinsic
Value (In millions)
Outstanding as of January 1, 2026(1)
1,158,270 $26.17 5.8$— 
Granted— $— 0.0$— 
Exercised— $— 0.0$— 
Forfeited or Expired(44,520)$26.17 0.0$— 
Outstanding as of June 30, 2026
1,113,750 $26.17 5.2$— 
Exercisable as of June 30, 2026
(1,113,750)$26.17 5.2$— 
Non-vested as of June 30, 2026
— 
(1)    All shares outstanding as of January 1, 2026 were vested.
Schedule of PSU Activity
A summary of the PSU activity for the first half of 2026 under the 2021 Omnibus Plan is presented below. As of June 30, 2026, there were no issued or outstanding grants of PSAs or PUs under the 2021 Omnibus Plan.
Shares Weighted-
Average
Fair Value
Aggregate Intrinsic
Value (In millions)
Outstanding as of January 1, 2026
5,471,438 $4.04 $28 
Granted(1)
3,517,989 $5.01 $— 
Vested(790)$9.00 $— 
Forfeited or Expired(1,177,646)$4.34 $— 
Outstanding as of June 30, 2026
7,810,991 $4.43 $18 
(1)    Presented assuming the issuance at the original target award amount (100%).
Schedule of RSU Activity
A summary of RSU activity as of and for the first half of 2026 under the 2021 Omnibus Plan is presented below. RSU grants issued in 2026 vest ratably over a period of primarily three years.
Shares Weighted-
Average
Fair Value
Aggregate Intrinsic
Value (In millions)
Outstanding as of January 1, 2026
26,017,278 $4.96 $134 
Granted13,635,616 $4.46 $— 
Vested(8,876,496)$5.09 $— 
Forfeited or Expired(2,447,834)$4.48 $— 
Outstanding as of June 30, 2026
28,328,564 $4.72 $64 

Additional information pertaining to RSU activity under the 2021 Omnibus Plan is as follows:
Six Months Ended June 30,
20262025
Total fair value of awards that vested (in millions)$45 $33 
Weighted-average grant-date fair value of awards granted$4.46 $3.96