Employee Benefit Plans

6 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

Employee Benefit Plans

Employee Benefit Plans

Restricted Stock Unit Activity

The following table presents restricted stock unit (“RSU”) activity under our equity incentive plans for the period indicated (in millions):

	Units
Outstanding as of January 1, 2023	21
Awarded	14
Vested	(6)
Forfeited	(2)
Outstanding as of June 30, 2023	27

The weighted average grant date fair value for RSUs awarded during the six months ended June 30, 2023 was $44.28 per share.

Stock-Based Compensation Expense

The following table presents the impact on our results of continuing operations of recording stock-based compensation expense for the periods indicated (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Cost of net revenues	$	14	$	13	$	27	$	25
Sales and marketing	25		20		45		40
Product development	74		62		133		107
General and administrative	41		42		77		76
Total stock-based compensation expense	$	154	$	137	$	282	$	248
Capitalized in product development	$	4	$	3	$	8	$	7