Leases and Other Commitments

6 Months Ended

Jun. 30, 2025

Leases [Abstract]

Leases

Our total operating lease expense for the three and six months ended June 30, 2025 was $7 million and $13 million, respectively, and $6 million and $12 million for the three and six months ended June 30, 2024, respectively. The total amount of variable and short-term lease payments was immaterial for all periods presented.

Supplemental balance sheet and cash flow information related to operating leases is as follows:

	As of
	June 30, 2025			December 31, 2024
Operating lease right-of-use assets	$	44		$	44
Accrued liabilities	19			16
Operating lease liabilities	30			31
Total operating lease liabilities	$	49		$	47
Weighted average remaining lease term, years	3			3
Weighted average discount rate	6		%	6		%

	Six Months Ended June 30,
	2025		2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	10	$	11
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$	7	$	2

Lease liability maturities:

	Remainder of 2025		2026		2027		2028		2029		Thereafter		Less Imputed Interest		Total
Operating leases	$	11	$	19	$	12	$	8	$	2	$	1	$	(4)	$	49

As of June 30, 2025, we did not have material additional operating leases that have not yet commenced.