XML 82 R34.htm IDEA: XBRL DOCUMENT v3.20.4
STOCK BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Summary of Stock Option Activity Under Equity-Based Plans
The following table summarizes stock option activity for the year ended December 31, 2020:
Number
of Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
(in years)
Aggregate
Intrinsic
Value
(in millions)
Balance at December 31, 2019462,011 $13.90 4.0$20 
Exercised(81,026)8.70 
Canceled(1,000)0.50 
Balance at December 31, 2020379,985 $15.10 3.2$25 
Vested and exercisable at December 31, 2020379,985 $15.10 3.2$25 
Additional Disclosure for Stock Options
Year Ended December 31,
Additional Disclosures for Stock Options (in millions)202020192018
Total fair value of options vested $ $$
Total intrinsic value of options exercised 4 24 
Cash received from options exercised 1 
Summary of RSU and RSA Activity Under Equity-Based Plans
The following tables summarize RSU and RSA activity for the year ended December 31, 2020:
Time-based RSUs and RSAs
Total Number
of RSUs
Total Number
of RSAs
Total Number
of Shares
Weighted-Average
Grant Date
Fair Value
Nonvested at December 31, 20191,104,729 61,136 1,165,865 $48.47 
Granted932,517 — 932,517 54.00 
Vested(661,923)(27,170)(689,093)45.02 
Forfeited(145,252)(3,940)(149,192)51.86 
Nonvested at December 31, 20201,230,071 30,026 1,260,097 $54.04 
Year Ended December 31,
Additional Disclosures for equity-based plans 202020192018
Total grant date fair value of shares granted (in millions)$50 $38 $38 
Total grant date fair value of shares vested (in millions)$31 $30 $28 
Shares withheld to settle payroll tax liabilities related to vesting of shares held by employees230,569 315,762 348,010 
Performance-based RSUs and RSAs
Total Number
of RSUs
Total Number
of RSAs
Total Number Shares
Weighted-Average
Grant Date
Fair Value
Nonvested at December 31, 201915,752 114,857 130,609 $49.70 
Granted183,981 — 183,981 52.86 
Vested(12,742)(87,769)(100,511)49.28 
Forfeited(19,864)(11,036)(30,900)50.98 
Nonvested at December 31, 2020167,127 16,052 183,179 $52.89 
Additional Disclosures for Equity-Based Plans
Year Ended December 31,
Additional Disclosures for equity-based plans 202020192018
Total grant date fair value of shares granted (in millions)$10 $$14 
Total grant date fair value of shares vested (in millions)$5 $11 $
Shares withheld to settle payroll tax liabilities related to vesting of shares held by employees48,787 135,877 110,222 
Weighted-Average Assumptions Used to Estimate Fair Value of Stock Options
In applying the Black Scholes option valuation model for the ESPP options, we use the following assumptions:
Year Ended December 31,
(in millions)202020192018
Expected Term (in Years)0.50.50.5
Expected Volatility
40-83%
27-42%
27-37%
Risk-Free Interest Rate
0.2-1.6%
1.6-2.5%
1.42-2.5%
Expected Dividend Yield0 %%%
Shares Issued under ESPP236,887 207,324 175,966 
Stock-based Compensation Expense Stock based compensation expense and other disclosures for stock based awards made to our employees pursuant to the equity plans were as follows: 
 Year Ended December 31,
(in millions)202020192018
Cost of providing services$9 $$10 
Sales and marketing6 
General and administrative26 28 22 
Systems development and programming costs2 
Total stock based compensation expense$43 $41 $44 
Total stock based compensation capitalized$1 $$— 
Income tax benefit related to stock based compensation expense$9 $11 $11 
Tax benefit realized from stock options exercised and similar awards$14 $18 $23 
The table below summarizes unrecognized compensation expense for the year ended December 31, 2020 associated with the following:
Amount
(in millions)
Weighted-Average Period (in Years)
Nonvested RSUs$63 2.47
Nonvested RSAs9 2.00