CONVERTIBLE PREFERRED STOCK (Tables)

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

Schedule of convertible preferred stock

At December 31, 2025, the convertible preferred stock consists of the following (In millions, except share and

per share data):

			Shares				Costs of
	Period	Shares	issued and	Price		Gross	raising	Net	Liquidation
Security	issued	authorized	outstanding	per share		amount	capital	amount	preference
Series A-1	Dec-16	49,182,456	47,215,752	$0.60		$28	$—	$28	$28
Series A-2	Dec-16	41,953,016	41,821,200	0.15		—	—	—	6
Series B-1	Aug-18	11,853,768	11,289,304	2.23		25	—	25	25
Series B-2	Sep-18	5,768,000	5,767,992	1.74		—	—	—	10
Series C-1	Dec-20	113,584	56,784	8.80		—	—	—	—
Series C-2	Dec-20	8,728,176	8,728,176	6.87		60	(1)	59	60
Series C-3	Dec-20	695,760	695,760	7.04		5	—	5	5
Series C-2	Mar-21	728,024	728,024	6.87		5	—	5	5
Series D	Mar-21	14,724,944	14,724,944	11.21		166	—	166	165
Series D	Apr-21	5,451,176	5,451,176	11.21		61	—	61	61
Series E	May-22	9,368,861	5,510,564	15.48		85	(3)	82	85
		148,567,765	141,989,676			$435	$(4)	$431	$450
					Preferred stock redemptions			(1)
							Total	$430