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SHARE-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Components of Share-Based Compensation Expense | The table below presents the components of share-based compensation expense (in millions).
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
PRSUs |  | $ | 89 |  |  | $ | 65 |  |  | $ | 2 |
RSUs |  | 415 |  |  | 375 |  |  | 337 |
Stock options |  | 53 |  |  | 60 |  |  | 71 |
SARs |  | — |  |  | — |  |  | 2 |
Total share-based compensation expense |  | $ | 557 |  |  | $ | 500 |  |  | $ | 412 |
Tax benefit recognized |  | $ | 96 |  |  | $ | 97 |  |  | $ | 79 |
Schedule of PRSU Activity, RSU Activity and Stock Option Activity | The table below presents PRSU activity (in millions, except years and weighted-average grant price).
|  | PRSUs |  | Weighted- Average Grant Date Fair Value |  | Weighted-Average Remaining Contractual Term (years) |  | Aggregate Fair Value
Outstanding as of December 31, 2023 |  | 4.2 |  |  | $ | 16.36 |  |  | 1.4 |  | $ | 48 |
Granted |  | 6.1 |  |  | $ | 8.66 |  |  |  |  |
Performance adjustments |  | 2.4 |  |  | $ | 15.26 |  |  |  |  |
Converted |  | (2.9) |  |  | $ | 16.70 |  |  |  |  | $ | 25 |
Outstanding as of December 31, 2024 |  | 9.8 |  |  | $ | 11.20 |  |  | 1.2 |  | $ | 104 |
Vested and expected to vest as of December 31, 2024 |  | 9.8 |  |  | $ | 11.20 |  |  | 1.2 |  | $ | 104 |
Convertible as of December 31, 2024 |  | 0.9 |  |  | $ | 15.34 |  |  | 0.0 |  | $ | 10 |
The table below presents RSU activity (in millions, except years and weighted-average grant price).
|  | RSUs |  | Weighted- Average Grant Date Fair Value |  | Weighted-Average Remaining Contractual Term (years) |  | Aggregate Fair Value
Outstanding as of December 31, 2023 |  | 44.0 |  |  | $ | 18.52 |  |  | 1.3 |  | $ | 501 |
Granted |  | 56.8 |  |  | $ | 8.64 |  |  |  |  |
Vested |  | (17.0) |  |  | $ | 19.71 |  |  |  |  | $ | 153 |
Forfeited |  | (5.0) |  |  | $ | 13.78 |  |  |  |  |
Outstanding as of December 31, 2024 |  | 78.8 |  |  | $ | 11.41 |  |  | 1.6 |  | $ | 835 |
Vested and expected to vest as of December 31, 2024 |  | 78.8 |  |  | $ | 11.41 |  |  | 1.6 |  | $ | 835 |
The table below presents stock option activity (in millions, except years and weighted-average exercise price).
|  | Stock Options |  | Weighted- Average Exercise Price |  | Weighted- Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value
Outstanding as of December 31, 2023 |  | 32.1 |  |  | $ | 33.73 |  |  | 3.3 |  | $ | — |
Granted |  | 4.1 |  |  | $ | 8.67 |  |  |  |  |
Forfeited |  | (0.2) |  |  | $ | 25.63 |  |  |  |  |
Outstanding as of December 31, 2024 |  | 36.0 |  |  | $ | 30.90 |  |  | 2.7 |  | $ | 7.8 |
Vested and expected to vest as of December 31, 2024 |  | 36.0 |  |  | $ | 30.90 |  |  | 2.7 |  | $ | 7.8 |
Exercisable as of December 31, 2024 |  | 18.2 |  |  | $ | 30.99 |  |  | 1.3 |  | $ | — |
Schedule of Fair Value of Stock Options Estimated Using the Black-Scholes Option-Pricing Model | The fair value of stock options is estimated using the Black-Scholes option-pricing model. The weighted-average assumptions used to determine the fair value of stock options as of the date of grant during 2024, 2023 and 2022 were as follows.
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Risk-free interest rate |  | 4.19 | % |  | 4.35 | % |  | 1.46 | %
Expected term (years) |  | 4.7 |  | 4.5 |  | 5.0
Expected volatility |  | 54.37 | % |  | 54.80 | % |  | 42.15 | %

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