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, 2026509 
Less: current portion included in other current liabilities(20)
Total long-term tax receivable agreement liability$489