Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes Income tax benefit was $11 million for the three months ended June 30, 2025 compared to a provision of $23 million in the same period of 2024. The income tax benefit in the current period was primarily driven by the level of pre-tax loss and non-deductible transaction costs. Income tax benefit was $1 million for the six months ended June 30, 2025 compared to a provision $39 million in the same period of 2024. The provision was driven by the level of pre-tax loss, non-deductible transaction costs and a benefit related to stock-based compensation. On July 4, 2025, the One Big Beautiful Bill Act ("OBBBA") was enacted. The OBBBA includes significant provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act and the restoration of favorable tax treatment for certain business provisions, particularly with respect to allowing accelerated tax deductions for qualified property and equipment expenditures and the business interest expense limitation. The legislation has multiple effective dates, with certain provisions effective in 2025 and others implemented through 2027. The Company is currently assessing the potential impacts on its consolidated financial position, results of operations and cash flows.
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