v3.26.1
Stock-based compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Incentive Award Plans
The following represents a summary of RSUs activity for the six months ended June 30, 2026:
Time-Based RSUsWeighted Average Grant Date Fair Value per UnitPerformance-Based RSUsWeighted Average Grant Date Fair Value per Unit
Unvested as of December 31, 20252,132,006 $63.25 520,740 $64.17 
Awards granted1,058,843 33.09 320,195 38.10 
Awards vested(888,500)69.25 (79,707)60.70 
Awards forfeited(104,260)54.88 (79,459)60.93 
Unvested as of June 30, 20262,198,089$46.69 681,769$53.41 
The following represents a summary of LTIP Units activity for the six months ended June 30, 2026:
Time-Based LTIP UnitsWeighted Average Grant Date Fair Value per UnitPerformance-Based LTIP UnitsWeighted Average Grant Date Fair Value per Unit
Unvested as of December 31, 20251,018,783 $80.20 2,242,978 $83.54 
Awards granted211,109 32.78 463,375 33.22 
Awards vested(458,900)58.57 — — 
Unvested as of June 30, 2026770,992$75.99 2,706,353$74.92 
Schedule of Stock-Based Compensation Expense
The following table summarizes the Company’s stock-based compensation expense by line item in the condensed consolidated statements of operations and comprehensive income (loss):
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2026202520262025
Cost of operations$3 $4 $6 $5 
General and administrative expense20 23 47 59 
Acquisition, transaction, and other expense— 2 — 5 
Total stock-based compensation expense$23 $29 $53 $69 
Schedule of Stock-Based Compensation Expense by Award Type
The following table summarizes the Company’s stock-based compensation expense by award type:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2026202520262025
Restricted Stock Units:
Time-based$16 $19 $31 $35 
Performance-based(2)3 — 5 
LTIP Units:
Time-based11 9 20 23 
Performance-based(2)(2)2 6 
Total stock-based compensation expense$23 $29 $53 $69