v3.25.1
Equity Incentive Plans
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Equity Incentive Plans Equity Incentive Plans
Performance-Based Grants
From time to time, the Compensation Committee of our Board of Directors grants certain employees performance-based restricted stock units and stock options.
As of March 31, 2025, we had unrecognized stock-based compensation expense of $466 million under these grants to purchase or receive an aggregate 5.1 million shares of our common stock. For awards probable of achievement, we estimate the unrecognized stock-based compensation expense of $397 million will be recognized over a weighted-average period of 3.9 years.
For the three months ended March 31, 2025 and 2024, stock-based compensation expense related to these grants, net of forfeitures, were immaterial.
Summary Stock-Based Compensation Information
The following table summarizes our stock-based compensation expense by line item in the consolidated statements of operations (in millions):
Three Months Ended March 31,
20252024
Cost of revenues$209 $202 
Research and development277 212 
Selling, general and administrative87 110 
Total$573 $524