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Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Lease Costs
Operating lease costs consisted of the following:
As of December 31,
202520242023
(in millions)
Operating lease costs$29 $23 $18 
Variable lease costs— — 
Short-term lease costs
Total operating lease costs$33 $27 $23 
Schedule of Future Operating Lease Payments
Future lease payments under non-cancellable leases were as follows:
As of December 31, 2025
Operating LeasesFinance LeasesTotal
(in millions)
2026$28 $$30 
202725 27 
202821 23 
202918 20 
203014 16 
Thereafter11 19 
Total undiscounted lease payments117 18 135 
Less: imputed interest(13)(4)(17)
Present value of lease liabilities$104 $14 $118 
Schedule of Future Finance Lease Payments
Future lease payments under non-cancellable leases were as follows:
As of December 31, 2025
Operating LeasesFinance LeasesTotal
(in millions)
2026$28 $$30 
202725 27 
202821 23 
202918 20 
203014 16 
Thereafter11 19 
Total undiscounted lease payments117 18 135 
Less: imputed interest(13)(4)(17)
Present value of lease liabilities$104 $14 $118 
Schedule of Lease Liabilities and ROU Assets in Consolidated Balance Sheets
Lease liabilities and ROU assets included in our consolidated balance sheets were as follows:
As of December 31,
20252024
(in millions)
Operating leasesBalance Sheet Classification
Right-of-use assetsOperating lease right-of-use assets$98 $90 
Current lease liabilitiesCurrent operating lease liabilities$23 $20 
Non-current lease liabilitiesLong-term operating lease liabilities81 73 
Total operating lease liabilities$104 $93 
Finance leasesBalance Sheet Classification
Right-of-use assetsOther assets$13 $15 
Current lease liabilitiesAccrued and other current liabilities$$
Non-current lease liabilitiesOther liabilities13 14 
Total finance lease liabilities$14 $15 
Schedule of Weighted Average Remaining Lease Term and Discount Rates
The weighted average remaining lease term and weighted average discount rates were as follows:
As of December 31, 2025
Operating LeasesFinance Leases
Weighted-average remaining lease term (in years)4.839.69
Weighted-average discount rate4.96%5.52%