Comprehensive income (loss) consists of net income (loss), unrealized gains (losses) on derivative instruments and unrealized gains (losses) on marketable securities. We disclose comprehensive income (loss) in the accompanying condensed consolidated statements of operations and comprehensive income and condensed consolidated statements of changes in equity.

A summary of the changes in AOCI is as follows:


Balance at December 31, 2024	$	—
Other comprehensive loss before reclassifications:
Pre-tax amount		(14	)
Tax provision		(4	)
After-tax amount		(10	)
Amounts reclassified from AOCI (1)		(2	)
Total other comprehensive loss		(12	)
Balance at June 30, 2025	$	(13	)

(1)

Amounts are net of income taxes. See the table below on reclassifications out of AOCI for additional information.

A summary of reclassifications out of AOCI is as follows:


	Six Months Ended
	June 30,
(In millions)	2025			2024
Gain on interest rate swap contracts(1)	$	3		$	4
Impact of income taxes (2)		(1	)		(1	)
Total reclassifications during the period	$	2		$	3

(1)

Included in interest expense in the accompanying condensed consolidated statements of operations and comprehensive income.

(2)

Included in provision for income taxes in the accompanying consolidated statements of operations and comprehensive income.