RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2024

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

Revenues

The Company recorded $242 million and $233 million for the three months ended June 30, 2023 and 2024, respectively, and $314 million and $571 million for the six months ended June 30, 2023 and 2024, respectively, in revenues from Amazon.com,

Inc. and its affiliates (“Amazon”), within “Revenues” in the Condensed Consolidated Statements of Operations, primarily related to the sale of EDVs. As of December 31, 2023 and June 30, 2024, the uncollected amounts related to these revenues in “Accounts receivable, net” on the Condensed Consolidated Balance Sheets were $6 million and $76 million, respectively. As of December 31, 2023 and June 30, 2024, contract liabilities related to these revenues, primarily related to extended service contracts, were $72 million and $105 million, respectively. Refer to Note 2 "Summary of Significant Accounting Policies" for more information about revenues.

Operating Expenses

The Company obtains data services, including hosting, storage, and compute, from Amazon. Expenses related to these services were $14 million and $20 million during the three months ended June 30, 2023 and 2024, respectively and $31 million and $40 million during the six months ended June 30, 2023 and 2024, respectively. As of December 31, 2023 and June 30, 2024, the unpaid amounts related to these services were not material.