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STOCK BASED COMPENSATION (Tables) | 9 Months Ended
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Sep. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of RSU Activity under Equity-Based Plans | The following tables summarize RSU activity for the nine months ended September 30, 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 |  |  | 734,521 |  | 76.83 |
Vested |  |  | (458,119) |  | 90.80 |
Forfeited |  |  | (160,184) |  | 76.45 |
Nonvested at September 30, 2025 |  |  | 1,216,219 |  | $ | 88.61 |
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 |
Vested |  |  | (4,856) |  | 84.98 |
Forfeited |  |  | (23,526) |  | 78.65 |
Nonvested at September 30, 2025 |  |  | 226,365 |  | $ | 83.19 |
Schedule of Stock Option Activity | The following table summarizes stock option activity for the nine months ended September 30, 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 |  | 9.21 | — |
Balance at September 30, 2025 | 270,144 |  | $ | 76.69 |  | 9.21 | $ | — |
Schedule of Weighted-Average Assumptions Used to Estimate Fair Value of Stock Options | 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
September 30, 2025 | 6.5 | 42.3 | % | 4.09 | % | 1.43 | %
Schedule of Share-Based Payment Arrangement, Activity |
Additional Disclosures for Stock Options (in millions) | September 30, 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 September 30, |  | Nine Months Ended September 30,
(in millions) | 2025 | 2024 |  | 2025 | 2024
Cost of providing services | $ | 4 |  | $ | 4 |  |  | $ | 12 |  | $ | 12 |
Sales and marketing | 3 |  | 3 |  |  | 8 |  | 9 |
General and administrative | 9 |  | 7 |  |  | 23 |  | 28 |
Systems development and programming costs | 1 |  | 1 |  |  | 5 |  | 4 |
Total stock based compensation expense | $ | 17 |  | $ | 15 |  |  | $ | 48 |  | $ | 53 |
Total stock based compensation capitalized | $ | 1 |  | $ | 1 |  |  | $ | 2 |  | $ | 2 |
The table below summarizes unrecognized compensation expense as of September 30, 2025 associated with the following:
| Amount (in millions) | Weighted-Average Period (in Years)
Nonvested stock options | $ | 7 |  | 2.47
Nonvested time based RSUs | 100 |  | 2.56
Nonvested performance based RSUs | 12 |  | 1.83

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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