Equity-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Activity Relating to Restricted Stock Units

The following table presents activity relating to RSUs for the six months ended June 30, 2024:

	Shares	Weighted-Average Grant Date Fair Value
Unvested at December 31, 2023	5,186,886	$	93.68
RSUs granted	2,601,479	$	59.23
RSUs vested	(3,894,432)	$	76.66
RSUs forfeited/canceled	(896,271)	$	103.58
Unvested at June 30, 2024	2,997,662	$	82.91

The following table summarizes activity for the six months ended June 30, 2024 and 2023:

	Six Months Ended June 30,
	2024		2023
Weighted average grant date fair value of RSUs	$	59.23	$	37.47
Total fair value of vested RSUs (in millions)	$	299	$	289
Intrinsic value of RSUs vested (in millions)	$	232	$	166

Schedule of Equity-Based Compensation

Equity-based compensation was classified as follows in the condensed consolidated statements of operations:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(in millions)
Cost of goods sold	$	3	$	2	$	5	$	5
Customer service and merchant fees	5		8		10		16
Selling, operations, technology, general and administrative	87		154		199		287
Total equity-based compensation expense	$	95	$	164	$	214	$	308