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SHARE-BASED COMPENSATION (Tables)
12 Months Ended
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,
202420232022
PRSUs$89 $65 $
RSUs415 375 337 
Stock options53 60 71 
SARs— — 
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).
PRSUsWeighted-
Average
Grant
Date Fair Value
Weighted-Average
Remaining
Contractual
Term
(years)
Aggregate
Fair
Value
Outstanding as of December 31, 20234.2 $16.36 1.4$48 
Granted6.1 $8.66 
Performance adjustments2.4 $15.26 
Converted(2.9)$16.70 $25 
Outstanding as of December 31, 20249.8 $11.20 1.2$104 
Vested and expected to vest as of December 31, 20249.8 $11.20 1.2$104 
Convertible as of December 31, 20240.9 $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, 202344.0 $18.52 1.3$501 
Granted56.8 $8.64 
Vested(17.0)$19.71 $153 
Forfeited(5.0)$13.78 
Outstanding as of December 31, 202478.8 $11.41 1.6$835 
Vested and expected to vest as of December 31, 202478.8 $11.41 1.6$835 
The table below presents stock option activity (in millions, except years and weighted-average exercise price).
Stock OptionsWeighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Term
(years)
Aggregate
Intrinsic
Value
Outstanding as of December 31, 202332.1 $33.73 3.3$— 
Granted4.1 $8.67 
Forfeited(0.2)$25.63 
Outstanding as of December 31, 202436.0 $30.90 2.7$7.8 
Vested and expected to vest as of December 31, 202436.0 $30.90 2.7$7.8 
Exercisable as of December 31, 202418.2 $30.99 1.3$— 
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,
202420232022
Risk-free interest rate4.19 %4.35 %1.46 %
Expected term (years)4.74.55.0
Expected volatility54.37 %54.80 %42.15 %