STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Share-based Payment Arrangement, Activity

The following table summarizes the Company’s restricted stock unit activity during the three months ended March 31, 2024:

	RSUs
	Number of Shares  (in millions)	Weighted-Average Grant-Date Fair Value
Outstanding at December 31, 2023	56	$	22.36
Granted	22	$	12.58
Exercised / Vested	(25)	$	15.18
Forfeited / Cancelled	(2)	$	22.99
Outstanding at March 31, 2024	51	$	21.73
Vested and expected to vest at March 31, 2024	51	$	21.73

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,
	2023		2024
Cost of revenues	$	18	$	23
Research and development	84		124
Selling, general, and administrative	81		86
Total stock-based compensation expense	$	183	$	233