Adjustment due to Envista Split-Off, weighted average grant-date fair value

[Table of Contents](#ia72a687f7b8a4bb1b43219ab5b663314_7)The following summarizes information on unvested RSU and PSU activity (in millions, except weighted average grant-date fair value):

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | Number of RSUs/PSUs |  | Weighted AverageGrant-Date Fair Value |
| Unvested as of January 1, 2019 | 3.9  |  |  | $ | 82.21  |  |
| Granted | 1.4  |  |  | 115.38  |  |
| Vested | (1.1) |  |  | 75.51  |  |
| Forfeited | (0.3) |  |  | 92.82  |  |
| Adjustment due to Envista Split-Off (a) | (0.4) |  |  | 98.18  |  |
| Unvested as of December 31, 2019 | 3.5  |  |  | 94.85  |  |
| Granted | 1.1  |  |  | 159.93  |  |
| Vested | (1.0) |  |  | 91.08  |  |
| Forfeited | (0.2) |  |  | 111.59  |  |
| Unvested as of December 31, 2020 | 3.4  |  |  | 116.03  |  |
| Granted | 0.9  |  |  | 234.52  |  |
| Vested | (1.0) |  |  | 101.86  |  |
| Forfeited | (0.2) |  |  | 147.20  |  |
| Unvested as of December 31, 2021 | 3.1  |  |  | 152.99  |  |

(a)    The “Adjustment due to Envista Split-Off” reflects the cancellation of RSUs and PSUs which were outstanding as of December 18, 2019 and held by Envista employees which have been terminated and replaced by Envista equity awards as part of the Envista Split-Off.The Company realized a tax benefit of $35 million, $18 million and $25 million in the years ended December 31, 2021, 2020 and 2019, respectively, related to the vesting of RSUs and PSUs. The excess tax benefit of $95 million, $85 million and $55 million related to the exercise of employee stock options and vesting of RSUs and PSUs for the years ended December 31, 2021, 2020 and 2019, respectively, has been recorded as a reduction to the current income tax provision and is reflected as an operating cash inflow in the accompanying Consolidated Statements of Cash Flows. In connection with the exercise of certain stock options and the vesting of RSUs previously issued by the Company, a number of shares sufficient to fund statutory minimum tax withholding requirements has been withheld from the total shares issued or released to the award holder (though under the terms of the applicable plan, the shares are considered to have been issued and are not added back to the pool of shares available for grant). During the year ended December 31, 2021, 346 thousand shares with an aggregate value of $81 million were withheld to satisfy the requirement. During the year ended December 31, 2020, 352 thousand shares with an aggregate value of $58 million were withheld to satisfy the requirement. The withholding is treated as a reduction in additional paid-in capital in the accompanying Consolidated Statements of Stockholders’ Equity and a reduction in proceeds from the issuance of common stock in connection with stock-based compensation in the Consolidated Statements of Cash Flows.109
