Employee Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2021

Share-based Payment Arrangement [Abstract]

Schedule of restricted stock unit activity

The following table presents restricted stock unit (“RSU”) activity under our equity incentive plans for the period indicated (in millions):

	Units (1)
Outstanding as of January 1, 2021	25
Awarded	12
Vested	(9)
Forfeited	(4)
Outstanding as of September 30, 2021	24

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

Schedule of stock-based compensation expense

The following table presents the impact on our results of continuing operations of recording stock-based compensation expense for the periods indicated (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Cost of net revenues	$	12	$	10	$	35	$	30
Sales and marketing	25		23		70		57
Product development	50		37		147		113
General and administrative	40		40		113		101
Total stock-based compensation expense	$	127	$	110	$	365	$	301
Capitalized in product development	$	3	$	3	$	9	$	11