STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2023

Share-Based Payment Arrangement [Abstract]

Share-based Payment Arrangement, Activity

The following table summarizes the Company’s stock option and restricted stock unit activity during the three months ended March 31, 2023:

	Stock Options						RSUs
	Number of Shares  (in millions)	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life  (in years)	Aggregate Intrinsic Value (in millions)		Number of Shares  (in millions)	Weighted-Average Grant-Date Fair Value
Outstanding at December 31, 2022	61	$	12.98				37	$	38.72
Granted	1	13.02					13	16.71
Exercised / Vested	(1)	4.24					(12)	23.60
Forfeited / Cancelled	—	—					(1)	40.26
Outstanding at March 31, 2023	61	$	13.09	6.6	$	356	37	$	35.68
Vested and expected to vest at March 31, 2023	61	$	13.09	6.6	$	356	37	$	35.68
Exercisable at March 31, 2023	30	$	5.06	5.5	$	322	—	$	—

Share-based Payment Arrangement, Expensed and Capitalized, Amount

The following table summarizes the Company’s stock-based compensation expense for the Stock Plans and 2021 Employee Stock Purchase Plan (“ESPP”) by line item in the Condensed Consolidated Statements of Operations (in millions):

	Three Months Ended March 31,
	2022		2023
Cost of revenues	$	10	$	18
Research and development	138		84
Selling, general, and administrative	169		81
Total stock-based compensation expense	$	317	$	183