GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

NOTE 4: GOODWILL AND INTANGIBLE ASSETS

Goodwill

The carrying amount of goodwill for the period indicated was as follows:

(in millions)	Carrying Amount
As of December 31, 2024	$	179
Additions	205
Foreign currency translation adjustment	2
As of September 30, 2025	$	386

There was no impairment of goodwill during the nine months ended September 30, 2025.

Intangible Assets

The components of intangible assets, net as of September 30, 2025 were as follows:

(in millions, except years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Weighted Average Remaining Useful Life - Years
Finite-lived intangible assets:
Developed technology	$	98	$	(20)	$	78	4.60
Customer relationships	64		(6)		58		11.86
Trade names	3		(1)		2		2.65
Indefinite-lived intangible assets	33		—		33		N/A
Foreign currency translation adjustment	1		—		1		N/A
Total	$	199	$	(27)	$	172

Amortization expense of intangible assets was $6 million and $16 million for the three and nine months ended September 30, 2025. There was an immaterial impairment of intangible assets during the three and nine months ended September 30, 2025.

As of September 30, 2025, the estimated future amortization expense of finite-lived intangible assets was as follows:

(in millions)	Finite-lived Intangible Assets
Remainder of 2025	$	7
2026	26
2027	23
2028	19
2029	18
Thereafter	45
Total	$	138