Tax Receivable Agreement (Tables)

6 Months Ended

Jun. 30, 2025

Receivables [Abstract]

Summary of Changes of Tax Receivable Liability

The following table summarizes the changes in the TRA liabilities (in millions):

	Tax Receivable Agreement Liability
Beginning balance as of December 31, 2024	$	857
Fair value remeasurement	32
Payments	(100)
Ending balance as of June 30, 2025	789
Less: current portion included in other current liabilities	(189)
Total long-term tax receivable agreement liability	$	600