CAPITALIZED SOFTWARE, NET

12 Months Ended

Dec. 31, 2025

Research and Development [Abstract]

CAPITALIZED SOFTWARE, NET

CAPITALIZED SOFTWARE, NET

Capitalized software, net, consists of the following (In millions):

	December 31, 2025	December 31, 2024
Capitalized software ..............................................................................................	$153	$113
Less: accumulated amortization ............................................................................	(43)	(21)
Total capitalized software, net ..........................................................................	$110	$92

The Company recognized amortization expense of $22 million, $12 million, and $6 million for the years ended

December 31, 2025, 2024, and 2023, respectively, included within depreciation and amortization as a component of

cost of revenues on the consolidated statements of net income.