STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 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 six months ended June 30, 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	12.92					52	13.90
Exercised / Vested	(1)	4.28					(16)	26.26
Forfeited / Cancelled	—	—					(5)	36.65
Outstanding at June 30, 2023	61	$	13.18	6.4	$	387	68	$	22.58
Vested and expected to vest at June 30, 2023	61	$	13.18	6.4	$	387	68	$	22.58
Exercisable at June 30 2023	30	$	5.13	5.3	$	354	—	$	—

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 June 30,				Six Months Ended June 30,
	2022		2023		2022		2023
Cost of revenues	$	13	$	23	$	23	$	41
Research and development	115		72		253		156
Selling, general, and administrative	114		86		283		167
Total stock-based compensation expense	$	242	$	181	$	559	$	364