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SHARE-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Summary of the components and classification of share-based compensation expense
The following table summarizes the components and classification of share-based compensation expense related to stock options and RSUs for the three months ended March 31, 2020 and 2019:
 
Three Months Ended
March 31,
(in millions)
2020

2019
Stock options
$
4

 
$
6

RSUs
23

 
18

 
$
27

 
$
24

 
 
 
 
Research and development expenses
$
3

 
$
2

Selling, general and administrative expenses
24

 
22

 
$
27

 
$
24


Summary of share-based awards
Share-based awards granted consist of:
 
Three Months Ended March 31,
 
2020
 
2019
Stock options
 
 
 
Granted
2,260,000

 
1,684,000

Weighted-average exercise price
$
24.77

 
$
23.16

Weighted-average grant date fair value
$
6.60

 
$
8.47

 
 
 
 
Time-based RSUs
 
 
 
Granted
2,453,000

 
2,401,000

Weighted-average grant date fair value
$
23.37

 
$
24.05

 


 


TSR performance-based RSUs
 
 
 
Granted
425,000

 
454,000

Weighted-average grant date fair value
$
26.13

 
$
34.53

 
 
 
 
ROTC performance-based RSUs
 
 
 
Granted
472,000

 
505,000

Weighted-average grant date fair value
$
27.05

 
$
25.03