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Benefit Plans (Tables)
 6 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
Share-Based Payment Arrangement, Expensed and Capitalized, Amount
Included in the accompanying unaudited consolidated statements of operations are the following amounts of share-based compensation expense:
For the Three Months Ended June 30,
For the Six Months Ended June 30,
2025202420252024
Cost of services:
Programming and content$10 $9 $19 $17 
Customer service and billing2 1 3 2 
Transmission1 1 3 3 
Sales and marketing12 11 26 23 
Product and technology
8 11 18 23 
General and administrative14 15 28 28 
$47 $48 $97 $96 
Schedule of Fair Value of Options Granted
The following table summarizes the weighted-average assumptions used to compute the fair value of options granted to employees, members of our board of directors and non-employees under the Sirius XM Awards during the three and six months ended June 30, 2024:

 For the Three Months Ended June 30,For the Six Months Ended June 30,
 20242024
Risk-free interest rate4.7%4.4%
Expected life of options — years3.753.76
Expected stock price volatility41%40%
Expected dividend yield3.9%2.8%
Schedule of Stock Options Activity Under Share-based Payment Plans
The following table summarizes stock option activity under our share-based plans for the six months ended June 30, 2025:
 Options
WAEP
Weighted-Average
Remaining
Contractual Term (Years)		Aggregate
Intrinsic
Value
 Outstanding as of January 1, 2025
18 $49.69 
Granted— $— 
Exercised— $1.10 
Forfeited, cancelled or expired(1)$49.08 
Outstanding as of June 30, 202517 $49.75 3.79$— 
Exercisable as of June 30, 202514 $50.34 3.18$— 
Schedule of Restricted Stock Unit and Stock Award Activity
The following table summarizes the RSU, including PRSU, activity under our share-based plans for the six months ended June 30, 2025:
 Shares
GDFV Per Share
Nonvested as of January 1, 202512 $42.33 
Granted10 $25.59 
Vested(2)$55.74 
Forfeited(2)$34.24 
Nonvested as of June 30, 202518 $31.96