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STOCK BASED COMPENSATION
 6 Months Ended
Jun. 30, 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 six months ended June 30, 2024:
Time-based RSUs
Total Number
of Shares
Weighted-Average
Grant Date
Fair Value
Nonvested at December 31, 20231,229,202 $80.88 
Granted534,379 124.22 
Vested(324,921)82.11 
Forfeited(30,505)86.28 
Nonvested at June 30, 2024
1,408,155 $96.08 
Performance-based RSUs
Total Number of Shares
Weighted-Average
Grant Date
Fair Value
Nonvested at December 31, 2023223,011 $81.08 
Granted129,631 125.65 
Vested(5,067)92.53 
Forfeited(2,598)77.00 
Nonvested at June 30, 2024
344,977 $96.08 
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 June 30,Six Months Ended June 30,
(in millions)2024202320242023
Cost of providing services$4 $4 $8 $7 
Sales and marketing3 2 6 4 
General and administrative9 10 21 15 
Systems development and programming costs2 1 3 2 
Total stock based compensation expense$18 $17 $38 $28 
Total stock based compensation capitalized$1 $— $2 $1