v3.26.1
Tax Receivable Agreement (Tables)
3 Months Ended
Mar. 31, 2026
Receivables [Abstract]
Summary of Changes of Tax Receivable Liability
The following table summarizes the changes in the TRA liabilities (in millions):
Tax Receivable
Agreement Liability
Beginning balance as of December 31, 2025
$
664
Fair value remeasurement
(19)
Payments
(136)
Ending balance as of March 31, 2026
509
Less: current portion included in other current liabilities
(20)
Total long-term tax receivable agreement liability
$
489
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