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STOCK BASED COMPENSATION (Tables) | 3 Months Ended
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Mar. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of RSU Activity under Equity-Based Plans | The following tables summarize RSU activity for the three months ended March 31, 2025: Time-based RSUs
|  |  | Total Number of Shares | Weighted-Average Grant Date Fair Value
Nonvested at December 31, 2024 |  |  | 1,100,001 |  | $ | 97.21 |
Granted |  |  | 696,745 |  | 76.73 |
Vested |  |  | (127,243) |  | 90.59 |
Forfeited |  |  | (97,243) |  | 65.83 |
Nonvested at March 31, 2025 |  |  | 1,572,260 |  | $ | 89.48 |
Performance-based RSUs
|  |  | Total Number of Shares | Weighted-Average Grant Date Fair Value
Nonvested at December 31, 2024 |  |  | 179,907 |  | $ | 106.50 |
Granted |  |  | 74,840 |  | 76.69 |
Forfeited |  |  | (22,728) |  | 124.31 |
Nonvested at March 31, 2025 |  |  | 232,019 |  | $ | 83.37 |
Schedule of stock option activity | The following table summarizes stock option activity for the three months ended March 31, 2025:
| Number of Shares | Weighted Average Exercise Price | Weighted Average Remaining Contractual Term (in years) | Aggregate Intrinsic Value (in millions)
Balance at December 31, 2024 | — |  | $ | — |  | — |  | $ | — |
Granted | 270,144 |  | 76.69 |  | 9.98 | 1 |
Balance at March 31, 2025 | 270,144 |  | $ | 76.69 |  | 9.98 | $ | 1 |
Schedule of Weighted-Average Assumptions Used to Estimate Fair Value of Stock Options | The fair value of our RSUs and PSUs is equal to the fair value of our common stock on the grant date. The fair value of stock options is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:
| Stock Option Assumptions
| Expected Term (in Years) | Expected Volatility | Risk-Free Interest Rate | Expected Dividend Yield
March 31, 2025 | 6.5 | 42.3 | % | 4.09 | % | 1.43 | %
Schedule of Share-Based Payment Arrangement, Activity |
Additional Disclosures for Stock Options (in millions) | March 31, 2025
Weighted-average grant date fair value of stock options | $ | 31.65 |
Total fair value of options granted | $ | 9 |
Schedule of Stock-Based Compensation Expense | 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) | 2025 | 2024 |  |  |
Cost of providing services | $ | 3 |  | $ | 4 |  |  |  |
Sales and marketing | 2 |  | 3 |  |  |  |
General and administrative | 6 |  | 12 |  |  |  |
Systems development and programming costs | 1 |  | 1 |  |  |  |
Total stock based compensation expense | $ | 13 |  | $ | 20 |  |  |  |
Total stock based compensation capitalized | $ | 1 |  | $ | 1 |  |  |  |

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