v3.25.4
Schedule II—Valuation and Qualifying Account
12 Months Ended
Dec. 31, 2025
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule II—Valuation and Qualifying Account
Schedule II—Valuation and Qualifying Account
The table below details the activity of the valuation allowance on deferred tax assets for the years ended December 31, 2023, 2024, and 2025 (in millions):

Balance at
Beginning of
Year
Charged to
Expenses
Credited to ExpensesBalance at
End of Year
Valuation Allowance on Deferred Tax Assets
Year Ended December 31, 2023$3,166 $95 $(2,897)$364 
Year Ended December 31, 2024$364 $31 $— $395 
Year Ended December 31, 2025$395 $231 $— $626