Restructuring (Tables)

6 Months Ended

Jun. 30, 2026

Restructuring and Related Activities [Abstract]

The following table summarizes restructuring costs by type (in millions):


	Three Months Ended June 30, 2026		Three Months Ended June 30, 2025		Six Months Ended June 30, 2026		Six Months Ended June 30, 2025		Inception to Date		Estimated Remaining Cost		Estimated Total Cost

Transformation Program
Severance and Related Benefits	$	—	$	—	$	—	$	2	$	45	$	—	$	45
Other Restructuring Costs(1)	—		—		—		2		95		—		95
Total Transformation Program Costs	$	—	$	—	$	—	$	4	$	140	$	—	$	140

Post-Separation Plan
Severance and Related Benefits	$	10	$	20	$	11	$	20	$	31	$	4	$	35
Other Restructuring Costs(1)	6		16		17		16		$	48	22		70
Total PSP Costs	$	16	$	36	$	28	$	36	$	79	$	26	$	105
Total Restructuring Costs	$	16	$	36	$	28	$	40	$	219	$	26	$	245

(1)Other restructuring costs primarily include data center exit costs, optimization of real estate, third-party fees associated with the restructuring, and costs associated with transitioning existing technology and processes. For the six months ended June 30, 2026, the Company recorded a $4 million loss on abandonment for certain facilities. During each of the three and six months ended June 30, 2025, the Company recorded a $9 million loss on abandonment for certain facilities. The related liabilities will be satisfied under the original terms of the lease, unless buy-outs can be negotiated.

Schedule of Accrued Restructuring Liability

As of June 30, 2026, approximately $12 million of the Company's total severance and related benefits restructuring liability was unpaid and recorded in Accounts payable and accrued liabilities on the Condensed Consolidated Balance Sheets.


	Severance and Related Benefits
	Transformation Program		Post-Separation Plan		Total
(in millions)
Accrued restructuring liability as of December 31, 2025	$	3	$	10	$	13
Severance and related benefits	—		11		11
Cash payments	(2)		(10)		(12)
Accrued restructuring liability as of June 30, 2026	$	1	$	11	$	12