Employee Benefit Plans

6 Months Ended

Jun. 30, 2021

Share-based Payment Arrangement [Abstract]

Employee Benefit Plans

Employee Benefit Plans

Restricted Stock Unit Activity

The following table presents restricted stock unit (“RSU”) activity under our equity incentive plans as of and for the six months ended June 30, 2021 (in millions):

 

	Units (1)
Outstanding as of January 1, 2021	25
Awarded	11
Vested	(7)
Forfeited	(3)
Outstanding as of June 30, 2021	26

(1) Activity presented is inclusive of units granted to employees of our eBay Korea business

The weighted average grant date fair value for RSUs awarded during the six months ended June 30, 2021 was $62.95 per share.

Stock-Based Compensation Expense

The impact on our results of continuing operations of recording stock-based compensation expense was as follows (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Cost of net revenues	$	13	$	11	$	23	$	20
Sales and marketing	25		19		45		34
Product development	55		41		97		76
General and administrative	42		32		73		61
Total stock-based compensation expense	$	135	$	103	$	238	$	191
Capitalized in product development	$	3	$	4	$	6	$	8