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STOCK BASED COMPENSATION | 3 Months Ended
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Mar. 31, 2024
Share-Based Payment Arrangement [Abstract] |
STOCK BASED COMPENSATION | STOCK BASED COMPENSATION Restricted Stock Units (RSUs) Time-based RSUs generally vest over a four-year term. Performance-based RSUs are subject to vesting requirements and are earned, in part, based on certain financial performance metrics as defined in the grant notice. Actual number of shares earned may range from 0% to 200% of the target award. Performance-based awards granted in 2024 and 2023 are earned based on a single-year performance period subject to subsequent multi-year time-based vesting with 50% of the shares earned vesting in one year after the performance period and the remaining shares in the year after. RSUs are generally forfeited if the participant terminates service prior to vesting. The following tables summarize RSU activity for the three months ended March 31, 2024: Time-based RSUs
|  |  | Total Number of Shares | Weighted-Average Grant Date Fair Value
Nonvested at December 31, 2023 |  |  | 1,229,202 |  | $ | 80.88 |
Granted |  |  | 488,872 |  | 125.52 |
Vested |  |  | (155,051) |  | 76.36 |
Forfeited |  |  | (18,289) |  | 83.55 |
Nonvested at March 31, 2024 |  |  | 1,544,734 |  | $ | 95.43 |
Performance-based RSUs
|  |  | Total Number of Shares | Weighted-Average Grant Date Fair Value
Nonvested at December 31, 2023 |  |  | 223,011 |  | $ | 81.08 |
Granted |  |  | 129,631 |  | 125.65 |
Vested |  |  | (5,067) |  | 92.53 |
Forfeited |  |  | (2,598) |  | 77.00 |
Nonvested at March 31, 2024 |  |  | 344,977 |  | $ | 97.69 |
Stock Based Compensation Stock based compensation expense for stock-based awards made to our employees pursuant to our equity plans were as follows:
| Three Months Ended March 31, |  |
(in millions) | 2024 | 2023 |  |  |
Cost of providing services | $ | 4 |  | $ | 3 |  |  |  |
Sales and marketing | 3 |  | 2 |  |  |  |
General and administrative | 12 |  | 5 |  |  |  |
Systems development and programming costs | 1 |  | 1 |  |  |  |
Total stock based compensation expense | $ | 20 |  | $ | 11 |  |  |  |
Total stock based compensation capitalized | $ | 1 |  | $ | 1 |  |  |  |

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