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STOCK BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2022

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, 2022:

			Number of Shares			Weighted Average Exercise Price			Weighted Average Remaining Contractual Term (in years)			Aggregate Intrinsic Value (in millions)
Balance at December 31, 2021			306,867			$	16.22		2.2			$	24
Exercised			(116,592)			9.30						8
Balance at December 31, 2022 (1)			190,275			$	20.50		1.5			$	9

(1)    All options are vested and exercisable.

Additional Disclosure for Stock Options

			Year Ended December 31,
Additional Disclosures for Stock Options (in millions)			2022			2021			2020
Total fair value of options vested			$	—		$	—		$	—
Total intrinsic value of options exercised			8			6			4
Cash received from options exercised			1			1			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, 2022:

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, 2021			1,008,927			5,744			1,014,671			$	68.74
Granted			979,102			—			979,102			86.41
Vested			(589,625)			(5,744)			(595,369)			70.71
Forfeited			(199,843)			—			(199,843)			77.03
Nonvested at December 31, 2022			1,198,561			—			1,198,561			$	80.75

			Year Ended December 31,
Additional Disclosures for equity-based plans			2022			2021			2020
Total grant date fair value of shares granted (in millions)			$	85		$	47		$	50
Total grant date fair value of shares vested (in millions)			$	42		$	34		$	31
Shares withheld to settle payroll tax liabilities related to vesting of shares held by employees			204,191			207,603			230,569

Performance-based RSUs

			Total Number of RSUs			Total Number Shares			Weighted-Average Grant Date Fair Value
Nonvested at December 31, 2021			255,224			255,224			$	67.16
Granted			245,808			245,808			84.88
Vested			(252,236)			(252,236)			65.78
Forfeited			(46,210)			(46,210)			82.78
Nonvested at December 31, 2022			202,586			202,586			$	86.82

Additional Disclosures for Equity-Based Plans

			Year Ended December 31,
Additional Disclosures for equity-based plans			2022			2021			2020
Total grant date fair value of shares granted (in millions) (1)			$	20		$	16		$	10
Total grant date fair value of shares vested (in millions)			$	17		$	8		$	5
Shares withheld to settle payroll tax liabilities related to vesting of shares held by employees			119,901			77,787			48,787

(1)    Amount includes fair value of finalized additional grant related to the most recently ended performance period.

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)			2022			2021			2020
Expected Term (in Years)			0.5			0.5			0.5
Expected Volatility			21-39%			21-35%			40-83%
Risk-Free Interest Rate			0.7-4.5%			0.4-0.7%			0.2-1.6%
Expected Dividend Yield			0		%	0		%	0		%
Shares Issued under ESPP			158,134			136,861			236,887

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)			2022			2021			2020
Cost of providing services			$	13		$	12		$	9
Sales and marketing			7			6			6
General and administrative			38			29			26
Systems development and programming costs			4			3			2
Total stock based compensation expense			$	62		$	50		$	43
Total stock based compensation capitalized			$	1		$	1		$	1
Income tax benefit related to stock based compensation expense			$	13		$	10		$	9
Tax benefit realized from stock options exercised and similar awards			$	14		$	16		$	14

The table below summarizes unrecognized compensation expense for the year ended December 31, 2022 associated with the following:

			Amount (in millions)			Weighted-Average Period (in Years)
Nonvested time based RSUs and RSAs			$	89		2.62
Nonvested performance based RSUs and RSAs			17			1.60

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