v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Components of Lease Expense
The components of our operating lease expense were as follows for the periods presented (in millions):
Year Ended December 31,
202520242023
Operating lease cost$17 $22 $35 
Variable lease cost8 13 18 
     Total lease cost$25 $35 $53 
Other information related to operating leases was as follows for the periods presented (in millions, except for years and percentages):
Year Ended December 31,
20252024
2023(1)
Cash paid for amounts included in the measurement of operating lease liabilities$22 $46 $42 
Right of use assets obtained in exchange for new operating lease obligations$8 $2 $(8)
Weighted average remaining lease term for operating leases6 years6 years6 years
Weighted average discount rate for operating leases9.4 %9.5 %9.4 %
(1) During the year ended December 31, 2023, we amended our existing office space lease for our corporate headquarters in Seattle, Washington, to provide the landlord the option to terminate a portion of our lease prior to the original lease termination date. In December 2023, the landlord exercised the early termination option for the relevant floors effective June 30, 2024. This modification to the lease term resulted in an immediate reduction in the right of use asset and lease liability of $8 million. We ceased use of the terminated space as of December 31, 2023, and as a result, we accelerated recognition of $14 million of amortization for the related right of use asset during the year ended December 31, 2023.
Schedule of Maturities for Operating Lease Liabilities
The following table presents the scheduled maturities of our operating lease liabilities by year as of December 31, 2025 (in millions):
2026$21 
202721 
202821 
2029
21 
2030
15 
Thereafter21 
     Total lease payments120 
Less: Imputed interest(27)
     Present value of lease liabilities$93