Stock-Based Compensation and Share Repurchase Programs (Tables)

3 Months Ended

Mar. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-Based Compensation Expense

The following table presents the components and classification of stock-based compensation expense for the three months ended March 31, 2023 and 2022 as follows (in millions):

	Three Months Ended March 31,
	2023		2022
Options	$	36	$	25
Restricted Common Stock (RSUs) and Performance Stock Units (PSUs)	37		17
Employee Stock Purchase Plan (ESPP)	2		2
Total	$	75	$	44
Cost of sales	$	5	$	8
Research and development	42		20
Selling, general and administrative	28		16
Total	$	75	$	44

Summary of Share Repurchase Program

The following table summarizes activity related to our share repurchase programs for the three months ended March 31, 2023 (in millions, except per share data):

	Three Months Ended March 31,
	2023
Number of shares repurchased	4
Average price per share (1)	$	145.31
Aggregate purchase price	$	526
Remaining authorization at end of period	$	2,291

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(1) Average price paid per share includes related expenses and excise tax.