SHARE-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2019

Share-based Payment Arrangement [Abstract]

Summary of the components and classification of share-based compensation expense

The following table summarizes the components and classification of share-based compensation expense related to stock options and RSUs for the three and nine months ended September 30, 2019 and 2018:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2019		2018		2019		2018
Stock options	$	5	$	6	$	17	$	17
RSUs	21		16		60		48
	$	26	$	22	$	77	$	65
Research and development expenses	$	2	$	3	$	7	$	7
Selling, general and administrative expenses	24		19		70		58
	$	26	$	22	$	77	$	65

Summary of share-based awards

Share-based awards granted consist of:

	Nine Months Ended September 30,
	2019		2018
Stock options
Granted	1,725,000		2,106,000
Weighted-average exercise price	$	23.16	$	15.46
Weighted-average grant date fair value	$	8.46	$	7.82
Time-based RSUs
Granted	2,895,000		2,844,000
Weighted-average grant date fair value	$	23.93	$	17.36
TSR performance-based RSUs
Granted	454,000		469,000
Weighted-average grant date fair value	$	34.53	$	29.35
ROTC performance-based RSUs
Granted	505,000		409,000
Weighted-average grant date fair value	$	25.03	$	18.80