Leases and Other Commitments

9 Months Ended

Sep. 30, 2025

Leases [Abstract]

Leases

Our total operating lease expense for the three and nine months ended September 30, 2025 was $7 million and $20 million, respectively, and $6 million and $18 million for the three and nine months ended September 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
	September 30, 2025			December 31, 2024
Operating lease right-of-use assets	$	48		$	44
Accrued liabilities	20			16
Operating lease liabilities	32			31
Total operating lease liabilities	$	52		$	47
Weighted average remaining lease term, years	3			3
Weighted average discount rate	6		%	6		%

	Nine Months Ended September 30,
	2025		2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	16	$	17
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$	19	$	9

Lease liability maturities:

	Remainder of 2025		2026		2027		2028		2029		Thereafter		Less Imputed Interest		Total
Operating leases	$	6	$	21	$	14	$	10	$	3	$	4	$	(6)	$	52

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