v3.25.0.1
Share-Based Awards (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Option Award Activity
The following table summarizes option award activity for the year ended December 31, 2024:
Number
of Shares
Subject to
Existing
Options (in thousands)
Weighted-
Average
Exercise
Price Per
Share
Weighted-
Average
Remaining
Contractual
Life (in years)
Aggregate
Intrinsic
Value
(in millions)
Outstanding at January 1, 202432,524 $44.18 6.9$495 
Granted3,551 56.11 
Exercised(5,474)38.69 
Forfeited or cancelled(660)44.76 
Outstanding at December 31, 202429,941 46.58 6.3861 
Vested and exercisable at December 31, 202421,139 46.01 5.5629 
Schedule of Fair Value of Options Granted, Estimated at Date of Grant Using Black Scholes Merton Option Pricing Model
The following assumptions were used to determine the fair value of option awards granted for the periods presented:
Year Ended December 31,
202420232022
Expected volatility
57% – 61%
55% – 62%
55% – 61%
Risk-free interest rate
3.74% – 4.5%
3.75% – 4.36%
1.94% – 3.95%
Weighted-average expected life
5.5 – 6.8 years
5.3 – 6.5 years
4.5– 6.0 years
Weighted-average fair value of options granted$32.22$24.43$23.25
Schedule of Restricted Stock Units Activity
The following table summarizes activity for all restricted stock units for the year ended December 31, 2024:
Restricted
Stock Units (in thousands)
Weighted-
Average Grant-
Date Fair
Value
Unvested outstanding at January 1, 202412,038 $45.42 
Granted7,282 56.14 
Vested(6,436)48.10 
Forfeited(1,155)48.48 
Unvested outstanding at December 31, 202411,729 50.31 
Schedule of Effects of Share Based Compensation in Consolidated Statements of Operations
The following table presents the effects of share-based compensation expense in our consolidated statements of operations during the periods presented (in millions):
Year Ended December 31,
202420232022
Cost of revenue$14 $16 $16 
Sales and marketing77 70 63 
Technology and development165 166 165 
General and administrative192 199 189 
Impairment and restructuring costs— — 2 
Share-based compensation - continuing operations
448 451 435 
Share-based compensation - discontinued operations
— — 16 
Total share-based compensation$448 $451 $451