Share-Based Payments (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Schedule of stock option valuation assumptions and weighted-average grant date fair value

The following table presents the weighted-average assumptions, weighted average grant date fair value, and the range of expected stock price volatility:

	Employee Stock Options
	For the Years Ended December 31,
	2021			2020			2019
Expected life (in years)	7.61			7.70			7.85
Volatility	31.06		%	30.89		%	30.00		%
Risk free interest rate	1.29		%	0.70		%	1.90		%
Dividend yield	0.51		%	0.53		%	0.76		%
Weighted-average grant date fair value	$	30.65		$	25.93		$	17.12
Stock price volatility range:
Low	31.00		%	30.00		%	30.00		%
High	35.00		%	39.00		%	38.17		%

Schedule of Stock Option Activity

Stock option activity is as follows:

	Number of shares (in thousands)	Weighted-average exercise price per stock option		Weighted-average remaining contractual term (in years)	Aggregate intrinsic value (in millions)
Outstanding stock options at December 31, 2020	11,297	$	53.84
Granted	754	92.56
Exercised	(1,954)	45.84
Forfeited	(866)	65.23
Expired	(98)	45.15
Outstanding stock options at December 31, 2021	9,133	$	57.77	7.04	$	125
Vested and expected to vest at December 31, 2021	8,798	$	56.96	6.98	$	124
Exercisable at December 31, 2021	5,711	$	48.90	6.26	$	107

Schedule of Restricted Stock Units Activity

The following table summarizes our RSU activity with performance-based RSUs, including those with market conditions, presented at 100% of the target level shares that may potentially vest (amounts in thousands, except per share data):

	Number of shares	Weighted- average grant date fair value per RSU
Unvested RSUs at December 31, 2020	7,102	$	82.50
Granted	10,856	77.17
Vested	(3,187)	96.58
Forfeited	(1,513)	75.73
Unvested RSUs at December 31, 2021	13,258	$	75.51

Schedule of share-based compensation expense

The following table sets forth the total share-based compensation expense included in our consolidated statements of operations (amounts in millions):

	For the Years Ended December 31,
	2021		2020		2019
Cost of revenues—product sales: Software royalties, amortization, and intellectual property licenses	$	17	$	14	$	19
Cost of revenues—in-game, subscription, and other: Game Operations and Distribution Costs	7		1		1
Cost of revenues—in-game, subscription, and other: Software royalties, amortization, and intellectual property licenses	—		—		1
Product development	211		42		53
Sales and marketing	44		21		10
General and administrative	229		140		82
Share-based compensation expense before income taxes	508		218		166
Income tax benefit	(36)		(28)		(29)
Total share-based compensation expense, net of income tax benefit	$	472	$	190	$	137