Stock-based Compensation Expense and Share Repurchase Programs (Tables)

6 Months Ended

Jun. 30, 2022

During the three and six months ended June 30, 2022 and 2021, we recognized the following stock-based compensation expense:


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(in millions)
Stock-based compensation expense by type of award:
Restricted stock units (including PSUs)	$	103.0	$	88.8	$	221.2	$	189.7
Stock options	6.3		11.1		11.8		21.7
ESPP share issuances	4.3		6.0		11.1		11.6
Stock-based compensation expense related to inventories	0.3		(1.3)		0.1		(3.2)
Total stock-based compensation expense included in “Total costs and expenses”	$	113.9	$	104.6	$	244.2	$	219.8

Stock-based compensation expense by line item:
Cost of sales	$	2.4	$	1.6	$	4.6	$	3.0
Research and development expenses	69.5		62.6		149.9		135.4
Selling, general and administrative expenses	42.0		40.4		89.7		81.4
Total stock-based compensation expense included in costs and expenses	113.9		104.6		244.2		219.8
Income tax effect	(26.5)		(20.9)		(62.5)		(52.1)
Total stock-based compensation expense, net of tax	$	87.4	$	83.7	$	181.7	$	167.7