XML 51 R32.htm IDEA: XBRL DOCUMENT v3.24.0.1
Equity-based Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Units Activity
The table below summarizes our RSU activity:
Outstanding RSUs
(in millions, except unit price)
Number of RSUsWeighted Average Grant-Date Fair Value
December 31, 202235 $19.29 
Granted30 16.31 
Vested(14)19.63 
Forfeited / cancelled(5)19.71 
December 31, 202346 $17.25 
Schedule of Restricted Stock Unit activity and related information
The following information is provided for our RSUs:
(in millions, except unit price)
202320222021
Weighted average grant-date fair value of RSUs granted$16.31 $17.24 $32.17 
Fair value of RSUs at vesting$223 $181 $413 
Schedule of Stock Options Activity
The table below summarizes our stock option activity:
Outstanding Options
(in millions, except unit price)
Number
of
Options		Weighted
Average Exercise
Price		Weighted-Average
Remaining Contractual
Term (in years)		Aggregate Intrinsic Value
December 31, 202222 $6.50 5.90$192 
Forfeited / cancelled(1)$2.38 
Exercised(4)$2.28 
Exercised Withheld— $2.12 
December 31, 202317 $7.60 4.90$152 
Exercisable as of December 31, 202315 $7.80 4.85$131 
Expected to vest as of December 31, 20232 $6.40 5.28$19 
Schedule of Valuation Assumptions for Stock Options
The fair value of stock options is estimated on the grant date with the following assumptions:
2021
Weighted-average expected term (years)4.27
Weighted-average expected volatility70%
Expected dividend yield—
Risk-free interest rate0.62%
The following information is provided for our stock options:
(in millions, except unit price)
202320222021
Weighted average grant-date fair value of stock options granted$— $— $16.46 
Intrinsic fair value of stock options exercised$57 $131 $676 
Schedule of Equity-Based Compensation
The following table presents the effects of equity-based compensation in the consolidated statements of operations:
(in millions)
202320222021
Cost of sales$14 $16 $11 
Operating, general and administrative312 246 238 
Total$326 $262 $249