v3.25.2
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
Schedule of Segment Reporting Information, by Segment
Segment information for the three and six months ended June 30, 2025 and 2024 are as follows:

Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
(in millions)
Net sales and operating revenues$4,840 $3,410 $9,072 $6,471 
Cost of sales3,776 2,695 7,079 5,165 
Gross profit1,064 715 1,993 1,306 
Compensation and benefits
201 168 400 341 
Advertising84 55 156 109 
Market occupancy
16 17 32 35 
Logistics
38 28 75 57 
Other (1)
212 187 423 369 
Other operating expense, net2 1 2 2 
Operating income511 259 905 393 
Interest expense, net143 173 282 346 
Loss on debt extinguishment— 2 2 2 
Other expense (income), net60 35 (62)(52)
Net income before income taxes308 49 683 97 
Income tax provision— 1 2 — 
Net income$308 $48 $681 $97 
(1) Other costs include all other selling, general and administrative expenses such as IT expenses, corporate occupancy, professional services and insurance, limited warranty, and title and registration.