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Stock-Based and Employee Savings Plans (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of stock option activity
The following table summarizes stock option activity of our employees under our equity incentive plans for the year ended December 31, 2017:
 
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic Value
 
(In thousands, except per share amounts and years)
Outstanding at January 1, 2017
4,288

 
$
28.65

 
 
 
 
Granted and assumed
308

 
$
13.94

 
 
 
 
Exercised
(1,986
)
 
$
25.66

 
 
 
 
Forfeited/expired/canceled
(170
)
 
$
32.90

 
 
 
 
Outstanding at December 31, 2017
2,440

 
$
28.94

 
4.33
 
$
111,371

Expected to vest
731

 
$
28.01

 
5.48
 
$
34,052

Options exercisable
1,653

 
$
29.48

 
3.76
 
$
74,561

Schedule of restricted stock units
The following table summarizes the RSUs and PBRSUs granted under our equity incentive plans as of December 31, 2017 and changes during the year ended December 31, 2017:
 
Units        
 
Weighted Average        
Grant-Date
Fair Value
(per share)
 
(In thousands, except per share amounts)
Outstanding at January 1, 2017
29,185

 
$
37.06

Awarded
19,744

 
$
44.24

Vested
(10,912
)
 
$
36.70

Forfeited
(4,142
)
 
$
38.98

Outstanding at December 31, 2017
33,875

 
$
41.14

Expected to vest
30,506

 
 
Schedule of stock-based compensation expense
The impact on our results of operations of recording stock-based compensation expense under the eBay and PayPal equity incentive plans for the years ended December 31, 20172016 and 2015 was as follows:
 
Year Ended December 31,
 
2017
 
2016
 
2015
 
(In millions)
Customer support and operations
$
142

 
$
85

 
$
62

Sales and marketing
140

 
84

 
52

Product development
240

 
139

 
132

General and administrative
210

 
130

 
94

Depreciation and amortization
12

 
6

 
7

Total stock-based compensation expense
$
744

 
$
444

 
$
347

 
 
 
 
 
 
Capitalized as part of internal use software and website development costs
$
24

 
$
13

 
$
7

Income tax benefit recognized for stock-based compensation arrangements
$
218

 
$
127

 
$
98

Schedule of stock option valuation assumptions
The following weighted average assumptions were used for the years ended December 31, 2017, 2016 and 2015:
 
Year Ended December 31,
 
2017
 
2016
 
2015
Risk-free interest rate
1.6
%
 
1.5
%
 
1.4
%
Expected life (in years)
3.3

 
4.6

 
4.3

Dividend yield

 

 

Expected volatility
26
%
 
25
%
 
26
%