Income Taxes |
3 Months Ended |
|---|---|
Mar. 31, 2025 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Note 9—Income Taxes In determining the interim provision for income taxes for each of the three months ended March 31, 2025 and 2024, the Company utilized the annual estimated effective tax rate applied to the actual year-to-date income and added the tax effects of any discrete items in the reporting period in which they occur. For the three months ended March 31, 2025 and 2024, the provision for income taxes included benefits associated with stock-based awards of $10 million and $11 million, respectively. For the three months ended March 31, 2025 and 2024, the Company’s effective tax rate differed from the United States federal statutory tax rate of 21% primarily due to nondeductible stock-based compensation and state and foreign taxes, partially offset by research and development tax credits and the impact of tax benefits associated with stock-based awards. There were no material changes to the Company’s unrecognized tax benefits during the three months ended March 31, 2025, and the Company does not expect to have any significant changes to unrecognized tax benefits through the end of the fiscal year.
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