Other Financial Data (Tables)

12 Months Ended

Dec. 31, 2025

Other Financial Data [Abstract]

Summary of Components of Receivables, Net

The components of Receivables, net are as follows (in millions):

	December 31, 2025		December 31, 2024
Billed and unbilled receivables	$	393	$	480
Allowance for expected credit losses	(6)		(9)
Balance at end of period	$	387	$	471

Summary of Components of Other Current Assets

The components of Other current assets are as follows (in millions):

	December 31, 2025		December 31, 2024
Deferred project costs	$	30	$	23
Prepaid expenses	55		56
Commissions receivable	90		89
Other	59		46
Total	$	234	$	214

Summary of Components of Other Assets

The components of Other assets are as follows (in millions):

	December 31, 2025		December 31, 2024
Deferred project costs	$	276	$	263
Operating lease right of use asset	36		42
Commissions receivable	7		15
Other	58		102
Total	$	377	$	422

Summary of Components of Fixed Assets, Net

We compute depreciation and amortization using the straight-line method on the estimated useful lives of the assets, which are generally as follows:

Asset Description	Asset Life
Capitalized software	Lesser of the life of an associated license, or 4 to 7 years
Leasehold improvements	Lesser of estimated useful life or lease term, not to exceed 10 years
Furniture, fixtures and equipment	4 to 10 years
Computer equipment	4 to 6 years

The components of Fixed assets, net are as follows (in millions):

	December 31, 2025		December 31, 2024
Capitalized software	$	520	$	427
Leasehold improvements	43		45
Computer equipment	112		172
Furniture, fixtures and equipment	9		9
Construction in progress	45		41
Total Fixed assets, gross	$	729	$	694
Less: Accumulated depreciation	351		298
Fixed assets, net	$	378	$	396

Summary of Components of Other Current Liabilities

The components of Other current liabilities are as follows (in millions):

	December 31, 2025		December 31, 2024
Deferred revenue	$	112	$	91
Operating lease liabilities	18		17
Finance lease liabilities	20		19
Current portion of tax receivable agreement liability	156		100
Other	47		46
Total	$	353	$	273

Summary of Components of Other Liabilities

The components of Other liabilities are as follows (in millions):

	December 31, 2025		December 31, 2024
Deferred revenue	$	36	$	40
Operating lease liabilities	49		56
Finance lease liabilities	27		39
Other	29		23
Total	$	141	$	158