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SHARE-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2021
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 months ended March 31, 2021 and 2020:
(in millions)20212020
Stock options$4 $4 
RSUs 27 23 
$31 $27 
Research and development expenses$3 $3 
Selling, general and administrative expenses28 24 
$31 $27 
Summary of share-based awards
Share-based awards granted for three months ended March 31, 2021 and 2020 consist of:
20212020
Stock options
Granted1,343,000 2,260,000 
Weighted-average exercise price$32.56 $24.77 
Weighted-average grant date fair value$11.45 $6.60 
Time-based RSUs
Granted2,560,000 2,453,000 
Weighted-average grant date fair value$32.45 $23.37 
TSR performance-based RSUs
Granted400,000 425,000 
Weighted-average grant date fair value$56.04 $26.13 
ROTC performance-based RSUs
Granted413,000 472,000 
Weighted-average grant date fair value$31.72 $27.05 
Separation performance-based RSUs
Granted132,000 — 
Weighted-average grant date fair value$32.56 $—