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2022-01-01 2022-12-31 0001133421 1 2022-01-01 2022-12-31 0001133421 4 2022-01-01 2022-12-31 0001133421 5 2022-01-01 2022-12-31 pure iso4217:USD DEF 14A false NORTHROP GRUMMAN CORP /DE/ 0001133421 1.35 <div style="margin-bottom:6pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:6.307%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.548%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.548%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.776%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.776%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.708%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.638%"/><td style="width:0.1%"/></tr><tr style="height:32pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">Year</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:4.55pt;font-weight:700;line-height:112%;position:relative;top:-2.44pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">Summary Compensation Table (SCT) Total for Principal Executive Officer (PEO) ($)</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">CAP to PEO</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:4.55pt;font-weight:700;line-height:112%;position:relative;top:-2.44pt;vertical-align:baseline">(2)(3)</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">($)</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">Avg SCT Total for non-PEO NEOs <br/>($)</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">Avg CAP to non-PEO NEOs</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:4.55pt;font-weight:700;line-height:112%;position:relative;top:-2.44pt;vertical-align:baseline">(2)(3)</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">($)</span></div></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">Value of Initial Fixed $100 Investment Based on:</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">Net Income<br/>($)</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">CSM: Adjusted Cash Flow from Operations*</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:4.55pt;font-weight:700;line-height:112%;position:relative;top:-2.44pt;vertical-align:baseline">(6)</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">($)</span></div></td></tr><tr style="height:32pt"><td colspan="3" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">TSR</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:4.55pt;font-weight:700;line-height:112%;position:relative;top:-2.44pt;vertical-align:baseline">(4)</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">($)</span></div></td><td colspan="3" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">Peer Group TSR</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:4.55pt;font-weight:700;line-height:112%;position:relative;top:-2.44pt;vertical-align:baseline">(4)(5)</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">($)</span></div></td></tr><tr><td colspan="3" style="background-color:#dfdeee;border-left:1pt solid #ffffff;border-top:1pt solid #29378d;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#0a2299;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:700;line-height:112%">2022</span></td><td colspan="2" style="background-color:#dfdeee;border-left:1pt solid #ffffff;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">20,672,072 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-left:1pt solid #ffffff;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">54,746,734 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-left:1pt solid #ffffff;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">5,388,919 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-left:1pt solid #ffffff;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">11,074,607 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-left:1pt solid #ffffff;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">166.57 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-left:1pt solid #ffffff;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">106.08 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-left:1pt solid #ffffff;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">4,896,000,000 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-left:1pt solid #ffffff;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">3,913,000,000 </span></td><td style="background-color:#dfdeee;border-right:1pt solid #ffffff;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #bcbec0;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#0a2299;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:700;line-height:115%">2021</span></td><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">19,876,767 </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-left:1pt solid #ffffff;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">38,893,119 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-left:1pt solid #ffffff;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">5,274,973 </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-left:1pt solid #ffffff;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">9,100,357 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-left:1pt solid #ffffff;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">116.47 </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-left:1pt solid #ffffff;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">91.84 </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-left:1pt solid #ffffff;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">7,005,000,000 </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-left:1pt solid #ffffff;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">4,475,000,000 </span></td><td style="border-right:1pt solid #ffffff;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-left:1pt solid #ffffff;border-top:0.5pt solid #bcbec0;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0a2299;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:700;line-height:112%">2020</span><span style="color:#0a2299;font-family:'Futura Std Book',sans-serif;font-size:5.2pt;font-weight:700;line-height:112%;position:relative;top:-2.8pt;vertical-align:baseline">(7)</span></div></td><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-left:1pt solid #ffffff;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">20,807,144 </span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-left:1pt solid #ffffff;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">14,601,902 </span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-left:1pt solid #ffffff;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">5,526,430 </span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-left:1pt solid #ffffff;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">2,671,853 </span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-left:1pt solid #ffffff;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">90.08 </span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-left:1pt solid #ffffff;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">82.41 </span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-left:1pt solid #ffffff;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">3,189,000,000 </span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-left:1pt solid #ffffff;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">5,135,000,000 </span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-right:1pt solid #ffffff;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:6pt;margin-top:4pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:107%">* This metric is a non-GAAP financial measure. For more information, see “Appendix A - Use of Non-GAAP Financial Measures.”</span></div> 20672072 54746734 5388919 11074607 166.57 106.08 4896000000 3913000000 19876767 38893119 5274973 9100357 116.47 91.84 7005000000 4475000000 20807144 14601902 5526430 2671853 90.08 82.41 3189000000 5135000000 Ms. Warden is included as the Principal Executive Officer (PEO), CEO, for years 2022, 2021 and 2020. Messrs. Keffer, Bromberg, Caylor and Jones are included in the non-PEO NEO averages for 2022. Messrs. Keffer, Caylor, Larson and Ms. Petryszyn are included in the non-PEO NEO averages for 2021. Messrs. Keffer, Caylor, Larson, Pamiljans and Bedingfield are included in the non-PEO NEO averages for 2020. Ms. Warden The CAP calculations for the PEO and non-PEO NEOs are included in the table below, as defined by the SEC. The non-PEO NEOs reflect an average for each year. <div style="margin-bottom:4pt;margin-top:4pt;padding-left:27.9pt;text-indent:-14.4pt"><span style="color:#00249c;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span><span style="color:#00249c;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:underline">CAP Calculation = </span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:27.9pt;text-indent:-14.4pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Summary Compensation Table</span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:27.9pt;text-indent:-14.4pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">- Annual stock award</span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:27.9pt;text-indent:-14.4pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">- Change in pension value </span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(a)</span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:27.9pt;text-indent:-14.4pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">+ Pension service cost</span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:27.9pt;text-indent:-14.4pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">± Fair value of current year equity awards, annual change in fair value as of year-end for unvested awards, fair value as of vesting of awards granted and vested in year, annual change in value as of vesting of prior year's awards, annual change in value of prior year's awards forfeited and value of dividends or other earnings paid on stock</span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:13.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.061%"><tr><td style="width:1.0%"/><td style="width:11.400%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.400%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.400%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.400%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.400%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.400%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.400%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.400%"/><td style="width:0.1%"/></tr><tr style="height:11pt"><td colspan="3" rowspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Year</span></td><td colspan="21" style="border-bottom:1pt solid #00249c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">CAP Calculation (per SEC)</span></td></tr><tr style="height:11pt"><td colspan="21" style="border-top:1pt solid #00249c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">PEO</span></div></td></tr><tr style="height:24pt"><td colspan="3" style="border-top:1pt solid #00249c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">SCT Total</span></td><td colspan="3" style="border-top:1pt solid #00249c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Annual Stock Award</span></td><td colspan="3" style="border-top:1pt solid #00249c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Change in Pension Value</span></td><td colspan="3" style="border-top:1pt solid #00249c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Pension Service Cost</span></td><td colspan="3" style="border-top:1pt solid #00249c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Prior Pension Service Cost</span></td><td colspan="3" style="border-top:1pt solid #00249c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Equity Value</span></td><td colspan="3" style="border-top:1pt solid #00249c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Total</span></td></tr><tr><td colspan="3" style="background-color:#e1e0ef;border-top:1pt solid #00249c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#29378d;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:700;line-height:115%">2022 ($M)</span></td><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #00249c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">20.7 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #00249c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #00249c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">(14.3)</span></td><td style="background-color:#dfdeee;border-top:1pt solid #00249c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #00249c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">— </span></td><td style="background-color:#dfdeee;border-top:1pt solid #00249c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #00249c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">0.52 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #00249c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #00249c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">— </span></td><td style="background-color:#dfdeee;border-top:1pt solid #00249c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #00249c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">47.8 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #00249c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #00249c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">54.7 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #00249c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #bcbec0;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#29378d;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:700;line-height:115%">2021 ($M)</span></td><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">19.9 </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">(13.5)</span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">(0.40)</span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">0.51 </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">— </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">32.4 </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">38.9 </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#29378d;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:700;line-height:115%">2020 ($M)</span></td><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">20.8 </span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">(13.5)</span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">(1.14)</span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">0.42 </span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">— </span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">8.0 </span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">14.6 </span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div>Key components that factor into the amount reported as CAP (in accordance with the SEC definition) are the Company’s year-end stock value and equity awards. Executives receive the value of their equity grants only upon vesting. The value reflected for unvested grants, as calculated in CAP, does not reflect value actually received or realized by the executives during the covered year. The equity component of CAP for fiscal years 2022, 2021 and 2020 are further detailed in the table below. The equity values were calculated in accordance with the SEC methodology for determining CAP for each year shown.<div style="margin-bottom:4pt;margin-top:4pt;padding-left:27pt;text-indent:-14.4pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">The amounts deducted or added in calculating the equity award adjustments are as follows:</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:13.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.913%"><tr><td style="width:1.0%"/><td style="width:10.842%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.479%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.479%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.479%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.479%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.479%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.479%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.484%"/><td style="width:0.1%"/></tr><tr style="height:12pt"><td colspan="3" rowspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Year</span></td><td colspan="21" style="border-bottom:1pt solid #29378d;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Equity Valuation</span></td></tr><tr style="height:12pt"><td colspan="21" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">PEO</span></div></td></tr><tr style="height:54pt"><td colspan="3" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Fair Value of Current Year Equity Awards as of Year-End</span></td><td colspan="3" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Annual Change in Fair Value as of Year-End for Unvested Awards</span></td><td colspan="3" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Fair Value as of Vesting of Awards Granted and Vested in Year</span></td><td colspan="3" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Annual Change in Value as of Vesting of Prior Year's Awards</span></td><td colspan="3" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Annual Change in Value of Prior Year's Awards Forfeited</span></td><td colspan="3" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Value of Dividends or Other Earnings Paid on Stock</span></td><td colspan="3" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Total Equity Value Included in CAP</span></td></tr><tr><td colspan="3" style="background-color:#e1e0ef;border-top:1pt solid #29378d;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#29378d;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:700;line-height:115%">2022 ($M)</span></td><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">25.5 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">13.2 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">— </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">8.2 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">— </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">0.9 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">47.8 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #bcbec0;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#29378d;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:700;line-height:115%">2021 ($M)</span></td><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">22.5 </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">4.7 </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">— </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">4.4 </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">— </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">0.8 </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">32.4 </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#dfdeee;border-bottom:1pt solid #d1d3d4;border-top:0.5pt solid #bcbec0;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#29378d;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:700;line-height:115%">2020 ($M)</span></td><td colspan="2" style="background-color:#dfdeee;border-bottom:1pt solid #d1d3d4;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">11.6 </span></td><td style="background-color:#dfdeee;border-bottom:1pt solid #d1d3d4;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:1pt solid #d1d3d4;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">(3.1)</span></td><td style="background-color:#dfdeee;border-bottom:1pt solid #d1d3d4;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:1pt solid #d1d3d4;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">— </span></td><td style="background-color:#dfdeee;border-bottom:1pt solid #d1d3d4;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:1pt solid #d1d3d4;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">(0.9)</span></td><td style="background-color:#dfdeee;border-bottom:1pt solid #d1d3d4;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:1pt solid #d1d3d4;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">— </span></td><td style="background-color:#dfdeee;border-bottom:1pt solid #d1d3d4;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:1pt solid #d1d3d4;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">0.4 </span></td><td style="background-color:#dfdeee;border-bottom:1pt solid #d1d3d4;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:1pt solid #d1d3d4;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">8.0 </span></td><td style="background-color:#dfdeee;border-bottom:1pt solid #d1d3d4;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:14.4pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">In 2022 and 2021, the fair value of the grants awarded in the respective years increased at the end of the year due to the growth in stock price, which is a key driver of the amount of, and change in, CAP year-over-year. The grant date aggregate fair value of the grants awarded in 2020 was higher compared to the fair value at the end of the year due to the decrease in stock price. </span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:14.4pt"><span style="background-color:#fafafa;color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">T</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">he Company’s relative TSR and operational metrics score determine the number of performance shares that vest for each three-year cycle, ranging from 0% to 200% for the 2022 and 2021 RPSR grants, and 0% to 150% for the RPSR grants awarded in 2020, 2019 and 2018. The executive RPSR performance scores were 135%, 122% and 105%, </span><span style="background-color:#fafafa;color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">in 2022, 2021, and 2020, respectively, which contributed to an i</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">ncrease in CAP year-over-year, along with the increase in stock price. </span></div>Mr. Bedingfield terminated his employment in 2020 and was not retirement eligible. He forfeited nearly $8M in equity value. The average non-PEO NEO CAP in 2020 was greatly impacted by the forfeited awards. Additional details included in footnote seven 20700000 -14300000 0 520000 0 47800000 54700000 19900000 -13500000 -400000 510000 0 32400000 38900000 20800000 -13500000 -1140000 420000 0 8000000.0 14600000 <div style="margin-bottom:4pt;margin-top:4pt;padding-left:13.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.061%"><tr><td style="width:1.0%"/><td style="width:11.400%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.400%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.400%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.400%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.400%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.400%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.400%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.400%"/><td style="width:0.1%"/></tr><tr style="height:11pt"><td colspan="3" rowspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Year</span></td><td colspan="21" style="border-bottom:1pt solid #29378d;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">CAP Calculation (per SEC)</span></td></tr><tr style="height:11pt"><td colspan="21" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Non-PEO NEOs (Avg)</span></td></tr><tr style="height:23pt"><td colspan="3" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">SCT Total</span></td><td colspan="3" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Annual Stock Award</span></td><td colspan="3" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Change in Pension Value</span></td><td colspan="3" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Pension Service Cost</span></td><td colspan="3" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Prior Pension Service Cost</span></td><td colspan="3" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Equity Value</span></td><td colspan="3" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Total</span></td></tr><tr><td colspan="3" style="background-color:#e1e0ef;border-top:1pt solid #29378d;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#29378d;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:700;line-height:115%">2022 ($M)</span></td><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">5.4 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">(3.4)</span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">— </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">0.05 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">— </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">9.1 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">11.1 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #bcbec0;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#29378d;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:700;line-height:115%">2021 ($M)</span></td><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">5.3 </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">(3.1)</span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">(0.09)</span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">0.06 </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">— </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">7.0 </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">9.1 </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#29378d;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:700;line-height:115%">2020 ($M)</span></td><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">5.5 </span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">(2.8)</span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">(0.41)</span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">0.09 </span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">— </span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">0.3 </span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">2.7 </span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">a.</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:10.93pt">The change in pension value amounts relate solely to the increased present value of the NEO’s pension plan benefits using mandatory SEC assumptions, see additional information in the Summary Compensation Table on page 72.</span></div><div style="margin-bottom:4pt;margin-top:4pt;text-indent:13.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.913%"><tr><td style="width:1.0%"/><td style="width:10.842%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.479%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.479%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.479%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.479%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.479%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.479%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.484%"/><td style="width:0.1%"/></tr><tr style="height:12pt"><td colspan="3" rowspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Year</span></td><td colspan="21" style="border-bottom:1pt solid #29378d;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Equity Valuation</span></td></tr><tr style="height:12pt"><td colspan="21" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Non-PEO NEOs (Avg)</span></div></td></tr><tr style="height:54pt"><td colspan="3" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Fair Value of Current Year Equity Awards as of Year-End</span></td><td colspan="3" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Annual Change in Fair Value as of Year-End for Unvested Awards</span></td><td colspan="3" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Fair Value as of Vesting of Awards Granted and Vested in Year</span></td><td colspan="3" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Annual Change in Value as of Vesting of Prior Year's Awards</span></td><td colspan="3" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Annual Change in Value of Prior Year's Awards Forfeited</span></td><td colspan="3" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Value of Dividends or Other Earnings Paid on Stock</span></td><td colspan="3" style="border-top:1pt solid #29378d;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:115%">Total Equity Value Included in CAP</span></td></tr><tr><td colspan="3" style="background-color:#e1e0ef;border-top:1pt solid #29378d;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#29378d;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:700;line-height:115%">2022 ($M)</span></td><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">5.6 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">2.2 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">— </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">1.2 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">— </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">0.1 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">9.1 </span></td><td style="background-color:#dfdeee;border-top:1pt solid #29378d;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #bcbec0;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#29378d;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:700;line-height:115%">2021 ($M)</span></td><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">5.0 </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">1.0 </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">0.2 </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">0.7 </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">— </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">0.1 </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">7.0 </span></td><td style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#29378d;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:700;line-height:115%">2020 ($M)</span></td><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">2.4 </span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">(0.5)</span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">— </span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">(0.1)</span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">(1.6)</span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">0.1 </span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:115%">0.3 </span></td><td style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:14.4pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">In 2022 and 2021, the fair value of the grants awarded in the respective years increased at the end of the year due to the growth in stock price, which is a key driver of the amount of, and change in, CAP year-over-year. The grant date aggregate fair value of the grants awarded in 2020 was higher compared to the fair value at the end of the year due to the decrease in stock price. </span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:14.4pt"><span style="background-color:#fafafa;color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">T</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">he Company’s relative TSR and operational metrics score determine the number of performance shares that vest for each three-year cycle, ranging from 0% to 200% for the 2022 and 2021 RPSR grants, and 0% to 150% for the RPSR grants awarded in 2020, 2019 and 2018. The executive RPSR performance scores were 135%, 122% and 105%, </span><span style="background-color:#fafafa;color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">in 2022, 2021, and 2020, respectively, which contributed to an i</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">ncrease in CAP year-over-year, along with the increase in stock price. </span></div>Mr. Bedingfield terminated his employment in 2020 and was not retirement eligible. He forfeited nearly $8M in equity value. The average non-PEO NEO CAP in 2020 was greatly impacted by the forfeited awards. Additional details included in footnote seven. 5400000 -3400000 0 50000.00 0 9100000 11100000 5300000 -3100000 -90000.00 60000.00 0 7000000.0 9100000 5500000 -2800000 -410000 90000.00 0 300000 2700000 25500000 13200000 0 8200000 0 900000 47800000 22500000 4700000 0 4400000 0 800000 32400000 11600000 -3100000 0 -900000 0 400000 8000000.0 5600000 2200000 0 1200000 0 100000 9100000 5000000.0 1000000.0 200000 700000 0 100000 7000000.0 2400000 -500000 0 -100000 -1600000 100000 300000 0 0 2 2 0 0 0 1.50 1.50 1.50 1.35 1.22 1.05 8000000 TSR has been calculated in the same manner as under S-K 402(v)(2)(iv). Standard &amp; Poor’s (S&amp;P) Aerospace and Defense (A&amp;D) Index as disclosed in the Company’s Annual Report on Form 10-K, filed on January 26, 2023. Adjusted Cash Flow from Operations*, as defined on page 60, is the Company Selected Measure (CSM), linking performance for the most recently completed fiscal year to CAP for the PEO and non-PEO NEOs. The selected measure focuses on cash generation for strategy execution and enables management to make capital investment decisions that support long-term profitable growth. For more information, including how the measure is calculated, see “Appendix A - Use of Non-GAAP Financial Measures” on page 115. 8000000 4500000 <div style="margin-bottom:4pt;margin-top:4pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:9pt;font-weight:400;line-height:107%">These key financial performance measures are as follows:</span></div><div style="margin-bottom:4pt;margin-top:4pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:58.622%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:39.178%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="border-left:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">Performance Measures</span></td><td colspan="3" style="border-left:1pt solid #ffffff;border-right:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">Type</span></td></tr><tr><td colspan="3" style="background-color:#dfdeee;border-left:1pt solid #ffffff;border-top:1pt solid #00249c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">Adjusted Cumulative FCF*</span></td><td colspan="3" style="background-color:#dfdeee;border-top:1pt solid #00249c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">RPSR Metric</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #bcbec0;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">Relative TSR</span></td><td colspan="3" style="border-top:0.5pt solid #bcbec0;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">RPSR Metric</span></td></tr><tr><td colspan="3" style="background-color:#dfdeee;border-left:1pt solid #ffffff;border-top:0.5pt solid #bcbec0;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">Return on Invested Capital* (ROIC)</span></td><td colspan="3" style="background-color:#dfdeee;border-top:0.5pt solid #bcbec0;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">RPSR Metric</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #bcbec0;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">Absolute TSR</span></td><td colspan="3" style="border-top:0.5pt solid #bcbec0;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">Value of LTI</span></td></tr><tr><td colspan="3" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">Adjusted Cash Flow from Operations*</span></td><td colspan="3" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">CSM/AIP Metric</span></td></tr></table></div><div style="margin-bottom:4pt;margin-top:4pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:107%">* This metric is a non-GAAP financial measure. For more information, see “Appendix A - Use of Non-GAAP Financial Measures.”</span></div> Adjusted Cumulative FCF* Relative TSR Return on Invested Capital* (ROIC) Absolute TSR Adjusted Cash Flow from Operations* <div style="margin-bottom:4pt;margin-top:4pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:9pt;font-weight:400;line-height:115%">As shown in the chart below, the Company’s three-year cumulative TSR outperformed the companies included in the S&amp;P A&amp;D Index. In alignment with our performance over this period, CAP as defined by the SEC and reflected in the table above, incrementally increased year-over-year. The PEO and other non-PEO NEOs’ CAP amounts are aligned with the Company’s TSR. This is due primarily to the Company’s use of equity incentives, which are tied directly to stock price in addition to the Company’s financial performance.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><img alt="noc-20230331_g158.jpg" src="noc-20230331_g158.jpg" style="height:380px;margin-bottom:5pt;vertical-align:text-bottom;width:613px"/></div><div style="margin-bottom:4pt;margin-top:4pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The RPSR equity awards account for a significant portion of CAP and our executives’ total compensation. As noted above, rTSR is identified as a key performance measure. </span></div><div style="margin-bottom:4pt;margin-top:4pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Relative TSR accounts for 1/3 of the RPSR performance metrics, as defined on page 65. The rTSR metric provides the most direct line of sight to shareholder value creation, while aligning with long-term shareholder considerations. Relative TSR reflects shareholder value created from strategic business decisions that are assessed through financial metrics like Adjusted Cumulative FCF* and ROIC. The chart below depicts the alignment between CAP and the three-year average for rTSR. </span></div><div style="margin-bottom:4pt;margin-top:4pt"><img alt="noc-20230331_g159.jpg" src="noc-20230331_g159.jpg" style="height:380px;margin-bottom:5pt;vertical-align:text-bottom;width:613px"/></div> Adjusted Cash Flow from Operations* was selected as the CSM to focus on an annual metric, per SEC guidance. This metric emphasizes the importance of generating cash for strategy execution and enables management to make capital investment decisions, which were impacted in 2022 and 2021 by changes in tax law and pension reimbursements. Since it has a stronger focus on our annual performance rather than long-term performance, the impact of Adjusted Cash Flow from Operations* on CAP is moderate compared to the LTI plan metrics. While the Company is required to include net income as a metric in the Pay Versus Performance table, we do not believe the metric is an appropriate selection for analyzing CAP, as defined by the SEC. Net income is not used to measure compensation due to the non-operational impacts of the annual mark-to-market pension and OPB adjustments, which include actuarial gains and losses that can vary significantly from year to year. Adjusted Cash Flow from Operations <div style="margin-bottom:4pt;margin-top:4pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:9pt;font-weight:400;line-height:110%">The PEO and non-PEO NEOs' target compensation and realized pay reflect an accurate depiction of earned compensation. We provide an attractive, flexible, and market-based total compensation program tied to performance and aligned with the interests of our shareholders. A significant portion of executive compensation is delivered in equity, the vesting and value of which provides alignment with shareholder returns. The following charts show the target compensation mix for our PEO and non-PEO NEOs.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.148%"><div><img alt="noc-20230331_g160.jpg" src="noc-20230331_g160.jpg" style="height:370px;margin-bottom:5pt;vertical-align:text-bottom;width:320px"/></div></div><div style="display:inline-block;max-width:3.703%;min-width:2.703%;vertical-align:top"/><div style="display:inline-block;vertical-align:top;width:48.149%"><div><img alt="noc-20230331_g161.jpg" src="noc-20230331_g161.jpg" style="height:370px;margin-bottom:5pt;vertical-align:text-bottom;width:320px"/></div></div></div><div style="margin-bottom:4pt;margin-top:4pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:9pt;font-weight:400;line-height:110%">In addition, realized pay more accurately represents earned compensation, inclusive of paid base salary, annual bonus payouts and the value of RPSRs and RSRs that vested during the fiscal year. While CAP includes unvested awards that are assessed based on the year-end fair market value, they do not account for the Company's performance results; they merely reflect the estimated value. When the awards vest, we are better able to determine the impact of our performance measures. </span></div><div style="margin-bottom:4pt;margin-top:4pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:9pt;font-weight:400;line-height:110%">The PEO and non-PEO NEOs' earned compensation is dependent on the performance results and specific circumstances. As noted above in footnote three of the Pay Versus Performance table, the Company's RPSR grant's metric performance increased year-over-year with results of 135%, 122% and 105% in 2022, 2021, and 2020, respectively. Included in the realized pay table below, the PEO's compensation incrementally increased over time, influenced by the Company's performance. While the non-PEO NEOs' average compensation factored in metric performance, there were specific nuances that impacted the earned compensation, such as timing of onboarding new executives, prorated compensation for days of service, and the vesting schedule for a merger-related grant. </span></div><div style="margin-bottom:4pt;margin-top:4pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:9pt;font-weight:400;line-height:110%">While CAP reflects one way to assess earned compensation, we believe the elements included in the realized pay calculation represents the PEO and non-PEO NEOs' pay received. </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:9pt;font-weight:400;line-height:110%">The table below captures realized pay versus CAP for each year shown.</span></div><div style="margin-bottom:4pt;margin-top:4pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:9.239%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.276%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.276%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.276%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.433%"/><td style="width:0.1%"/></tr><tr style="height:18pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">Year</span></td><td colspan="3" rowspan="2" style="border-right:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">Realized Pay</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">for PEO</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">($M)</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:4.55pt;font-weight:700;line-height:112%;position:relative;top:-2.44pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" rowspan="2" style="border-left:1pt solid #ffffff;border-right:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">CAP to PEO<br/>($M)</span></td><td colspan="3" rowspan="2" style="border-left:1pt solid #ffffff;border-right:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">Avg Realized Pay</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">for non-PEO NEOs</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">($M)</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:4.55pt;font-weight:700;line-height:112%;position:relative;top:-2.44pt;vertical-align:baseline">(1)(2)</span></div></td><td colspan="3" rowspan="2" style="border-left:1pt solid #ffffff;border-right:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:7pt;font-weight:700;line-height:112%">Avg CAP to<br/>non-PEO NEOs<br/>($M)</span></td></tr><tr style="height:18pt"><td colspan="15" style="display:none"/></tr><tr><td colspan="3" style="background-color:#dfdeee;border-top:1pt solid #00249c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#00249c;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:700;line-height:112%">2022</span><span style="color:#00249c;font-family:'Futura Std Book',sans-serif;font-size:5.2pt;font-weight:700;line-height:112%;position:relative;top:-2.8pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#dfdeee;border-top:1pt solid #0a2299;padding:2px 1pt 2px 85pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">26.9</span></td><td colspan="3" style="background-color:#dfdeee;border-top:1pt solid #0a2299;padding:2px 1pt 2px 85pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">54.7</span></td><td colspan="3" style="background-color:#dfdeee;border-top:1pt solid #0a2299;padding:2px 1pt 2px 85pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">3.4</span></td><td colspan="3" style="background-color:#dfdeee;border-top:1pt solid #0a2299;padding:2px 1pt 2px 85pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">11.1</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #bcbec0;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#00249c;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:700;line-height:112%">2021</span></td><td colspan="3" style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 85pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">15.4</span></td><td colspan="3" style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 85pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">38.9</span></td><td colspan="3" style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 85pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">3.8</span></td><td colspan="3" style="border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 85pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">9.1</span></td></tr><tr><td colspan="3" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#00249c;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:700;line-height:112%">2020</span><span style="color:#00249c;font-family:'Futura Std Book',sans-serif;font-size:5.2pt;font-weight:700;line-height:112%;position:relative;top:-2.8pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 85pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">11.8</span></td><td colspan="3" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 85pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">14.6</span></td><td colspan="3" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 85pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">5.2</span></td><td colspan="3" style="background-color:#dfdeee;border-bottom:0.5pt solid #bcbec0;border-top:0.5pt solid #bcbec0;padding:2px 1pt 2px 85pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:112%">2.7</span></td></tr></table></div> 1.35 1.22 1.05 54700000 11100000 38900000 9100000 14600000 2700000 Includes vested RPSR and RSR values as reported in the PEO and non-PEO NEOs' W-2 tax statements for each respective year.Mr. Keffer had no equity vestings in 2022, 2021 and 2020.Mr. Bromberg had a prorated salary and bonus payout for days worked and no equity vestings in 2022.Messrs. Keffer and Bedingfield had prorated salaries for days worked in 2020. In addition, Mr. Keffer received a prorated bonus payout.