Non-Insurance Revenues from Contracts with Customers |
6 Months Ended |
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Jun. 30, 2025 | |
Revenue from Contract with Customer [Abstract] | |
Non-Insurance Revenues from Contracts with Customers | Non-Insurance Revenues from Contracts with Customers The Company had a deferred non-insurance warranty revenue balance of $4.4 billion and $4.5 billion reported under Liabilities as of June 30, 2025 and December 31, 2024. For the three and six months ended June 30, 2025, the Company recognized $0.3 billion and $0.6 billion of revenues that were included in the deferred revenue balance as of January 1, 2025. For the three and six months ended June 30, 2024, the Company recognized $0.4 billion and $0.7 billion of revenues that were included in the deferred revenue balance as of January 1, 2024. For the three and six months ended June 30, 2025 and 2024, non-insurance warranty revenue recognized from performance obligations related to prior periods due to a change in estimate was not material. The Company expects to recognize approximately $0.8 billion of the deferred revenue in the remainder of 2025, $1.1 billion in 2026, $0.9 billion in 2027 and $1.6 billion thereafter.
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