STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 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 nine months ended September 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	3	$	17.31				58	$	14.86
Exercised / Vested	(2)	$	4.45				(25)	$	24.66
Forfeited / Cancelled	—	$	—				(8)	$	33.82
Outstanding at September 30, 2023	62	$	13.42	6.2	$	692	62	$	22.61
Vested and expected to vest at September 30, 2023	62	$	13.42	6.2	$	692	62	$	22.61
Exercisable at September 30, 2023	30	$	5.35	5.1	$	574	—	$	—

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 September 30,				Nine Months Ended September 30,
	2022		2023		2022		2023
Cost of revenues	$	25	$	23	$	48	$	64
Research and development	133		133		386		289
Selling, general, and administrative	135		86		418		253
Total stock-based compensation expense	$	293	$	242	$	852	$	606