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Share-based Compensation (Tables)
 12 Months Ended
Dec. 31, 2023
Schedule of Share-Based Compensation Expense
Share-based compensation expense is included in the following line items in our consolidated statement of operations:
202320222021
Cost of revenue54 47 45 
Research and development211 183 165 
Selling, general and administrative146 134 143 
411 364 353 
Summary of Stock Options and Changes
Stock optionsWeighted
 average
exercise
price
 in USD		Weighted
 average
remaining
contractual
 term		Aggregate
 intrinsic
value
Outstanding at January 1, 2023346,202 66.72 
Granted— — 
Exercised90,623 55.49 
Forfeited— — 
Outstanding at December 31, 2023255,579 70.71 1.541 
Exercisable at December 31, 2023255,579 70.71 1.541 
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions
PSU grant assumptions202320222021
Expected life (years)333
Risk-free interest rate4.59%4.48%0.78%
Dividend yield2.2%1.6%1.1%
NXP share price volatility39%48%46%
Initial TSR(0.2)%3.4%6.5%
Summary of Performance Share Units
SharesWeighted
 average
grant date
 fair value
 in USD
Outstanding at January 1, 2023861,922 200.06 
Granted340,757 214.02 
Performance based adjustment 1)
193,678 167.81 
Vested456,547 167.81 
Forfeited39,642 203.64 
Outstanding at December 31, 2023900,168 214.60 
1) The amount shown represents performance adjustments for performance-based awards granted on October 27, 2020. These units vested at 173.68% during 2023 based on the achievement of Relative TSR performance conditions.
Summary of Restricted Share Units
SharesWeighted
 average
grant date
 fair value
 in USD
Outstanding at January 1, 20234,779,274 157.36 
Granted2,482,405 178.69 
Vested2,234,706 154.74 
Forfeited165,457 160.11 
Outstanding at December 31, 20234,861,516 169.36