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STOCK BASED COMPENSATION (Tables)
3 Months Ended
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, 20241,100,001 $97.21 
Granted696,745 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, 2024179,907 $106.50 
Granted74,840 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— $— — $— 
Granted270,144 76.69 9.98
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 VolatilityRisk-Free Interest RateExpected Dividend Yield
March 31, 2025
6.542.3 %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 $
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)20252024
Cost of providing services$3 $
Sales and marketing2 
General and administrative6 12 
Systems development and programming costs1 
Total stock based compensation expense$13 $20 
Total stock based compensation capitalized$1 $