v3.25.4
Cash, Cash Equivalents, Restricted Cash and Investments (Tables)
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Cash, Cash Equivalents and Restricted Cash
Cash, cash equivalents and restricted cash were as follows (in millions):
As of
December 31,
2025		December 31,
2024
Cash and cash equivalents$221 $211 
Restricted cash, current (a)
1 1 
Restricted cash, long-term (b)
13 15 
Total cash, cash equivalents and restricted cash
$235 $227 
(a) Included in other current assets on the consolidated balance sheets
(b) Included in other assets on the consolidated balance sheets
Schedule of Cash, Cash Equivalents and Restricted Cash
Cash, cash equivalents and restricted cash were as follows (in millions):
As of
December 31,
2025		December 31,
2024
Cash and cash equivalents$221 $211 
Restricted cash, current (a)
1 1 
Restricted cash, long-term (b)
13 15 
Total cash, cash equivalents and restricted cash
$235 $227 
(a) Included in other current assets on the consolidated balance sheets
(b) Included in other assets on the consolidated balance sheets
Schedule of Fair Value, Assets Measured on Recurring Basis
The components of cash, cash equivalents, short-term investments, and long-term investments measured at fair value on a recurring basis were as follows (in millions):
As of
Fair value levelDecember 31,
2025		December 31,
2024
Cash and cash equivalents:
Bank depositsLevel 1$1 $1 
Money market funds
Level 1220 165 
U.S. Treasury securities
Level 2— 40 
Commercial paper
Level 2— 5 
Total cash and cash equivalents
$221 $211 
Short-term and long-term investments:
U.S. Treasury securities
Level 2$766 $728 
Commercial paper
Level 2
39 132 
Corporate bonds and notes
Level 2433 152 
Total short-term and long-term investments
$1,238 $1,012 
Schedule of Debt Securities, Available-for-Sale
The amortized cost, unrealized gains, and fair value of available-for-sale debt securities were as follows (in millions):
As of December 31, 2025
Amortized cost
Unrealized gains
Fair value
U.S. Treasury securities$765 $1 $766 
Commercial paper
39 — 39 
Corporate bonds and notes
433 — 433 
  Total short-term and long-term investments
$1,237 $1 $1,238 
As of December 31, 2024
Amortized cost
Unrealized gains
Fair value
U.S. Treasury securities$727 $1 $728 
Commercial paper
132 — 132 
Corporate bonds and notes
152 — 152 
  Total short-term and long-term investments
$1,011 $1 $1,012