v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Components of Lease Cost, Operating Lease Liabilities, Lease Term and Discount Rate
The components of lease cost, excluding the immaterial impact from sublease income, were as follows (in millions):

Year Ended December 31,
202320242025
Operating lease cost
$58 $53 $47 
Short-term lease cost
6 4 4 
Variable lease cost
16 17 19 
Lease cost, net
$80 $74 $70 
Weighted-average lease term and discount rate were as follows:

December 31,
20242025
Weighted-average remaining lease term (years)7.26.9
Weighted-average discount rate7.3 %7.4 %
Schedule of Maturities of Lease Liabilities
Maturities of lease liabilities (excluding short-term leases) were as follows as of December 31, 2025 (in millions):

Year Ending December 31,
Amount(1)
2026$86 
20279 
202838 
202950 
203044 
Thereafter139 
Total lease payments366 
Less: Imputed interest(94)
Present value of lease liabilities272 
Less: Current portion of lease liabilities(68)
Total long-term lease liabilities$204 

(1)Amounts are net of tenant improvement allowances.