SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2022

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 expenses related to stock options and RSUs for the three months ended March 31, 2022 and 2021:

	Three Months Ended March 31,
(in millions)	2022		2021
Stock options	$	4	$	4
RSUs	28		27
	$	32	$	31
Research and development expenses	$	3	$	3
Selling, general and administrative expenses	29		28
	$	32	$	31

Summary of share-based awards

Share-based awards granted for the three months ended March 31, 2022 and 2021 consist of:

	2022		2021
Stock options
Granted	2,545,000		1,343,000
Weighted-average exercise price	$	24.08	$	32.56
Weighted-average grant date fair value	$	6.63	$	11.45
Time-based RSUs
Granted	1,662,000		2,560,000
Weighted-average grant date fair value	$	24.21	$	32.45
TSR performance-based RSUs
Granted	—		400,000
Weighted-average grant date fair value	$	—	$	56.04
ROTC performance-based RSUs
Granted	—		413,000
Weighted-average grant date fair value	$	—	$	31.72
B+L Separation performance-based RSUs
Granted	—		132,000
Weighted-average grant date fair value	$	—	$	32.56