RELATED PARTY TRANSACTIONS

9 Months Ended

Sep. 30, 2024

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

Revenues

The Company recorded $401 million and $171 million for the three months ended September 30, 2023 and 2024, respectively, and $715 million and $742 million for the nine months ended September 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 September 30, 2024, the uncollected amounts related to these revenues in “Accounts receivable, net” on the Condensed Consolidated Balance Sheets were $6 million and $35 million, respectively. As of December 31, 2023 and September 30, 2024, contract liabilities related to these revenues, primarily related to extended service contracts, were $72 million and $110 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 $15 million and $25 million during the three months ended September 30, 2023 and 2024, respectively, and $46 million and $65 million during the nine months ended September 30, 2023 and 2024, respectively. As of December 31, 2023 and September 30, 2024, the unpaid amounts related to these services were not material.