SHARE-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2020 and 2019:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2020		2019		2020		2019
Stock options	$	4	$	5	$	12	$	17
RSUs	23		21		69		60
	$	27	$	26	$	81	$	77
Research and development expenses	$	3	$	2	$	9	$	7
Selling, general and administrative expenses	24		24		72		70
	$	27	$	26	$	81	$	77

Summary of share-based awards

Share-based awards granted consist of:

	Nine Months Ended September 30,
	2020		2019
Stock options
Granted	2,269,000		1,725,000
Weighted-average exercise price	$	24.74	$	23.16
Weighted-average grant date fair value	$	6.60	$	8.46
Time-based RSUs
Granted	3,084,000		2,895,000
Weighted-average grant date fair value	$	22.05	$	23.93
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