v3.25.4
Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets    
Net operating loss carryforwards $ 3,177 $ 4,319
Research and development credits 1,641 1,539
Stock-based compensation 122 71
Accruals and reserves 1,297 730
Accrued legal 234 221
Fixed assets and intangible assets 2,938 3,226
Lease liability 367 391
Interest limitation carryforwards 657 760
Capitalized research expenses 2,175 1,591
Other 307 381
Total deferred tax assets 12,915 13,229
Less: Valuation allowance (1,312) (6,267)
Total deferred tax assets, net of valuation allowance 11,603 6,962
Deferred tax liabilities    
Investments 418 515
Right-of-use assets 253 270
Other 9 14
Total deferred tax liabilities 680 799
Net deferred tax assets (liabilities) $ 10,923 $ 6,163