Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Summary of Financial Assets Measured on Recurring Basis

The following tables set forth the fair value of the Company’s financial assets and liabilities remeasured on a recurring basis based on the three-tier fair value hierarchy (in millions):


	June 30, 2026
	Level 1				Level 2				Level 3				Total
Financial Assets:
Money market funds	$	60			$	—			$	—			$	60
Corporate bonds		—				275				—				275
Commercial paper		—				4				—				4
U.S. Government Treasury and agency securities		—				32				—				32
Investment in Solid common stock		5				—				—				5
Deferred compensation assets		—				21				—				21
Total financial assets	$	65			$	332			$	—			$	397

Financial Liabilities:
Deferred compensation liabilities	$	—			$	21			$	—			$	21


	December 31, 2025
	Level 1				Level 2				Level 3				Total
Financial Assets:
Money market funds	$	320			$	—			$	—			$	320
Time deposits		—				10				—				10
Corporate bonds		—				263				—				263
Commercial paper		—				37				—				37
U.S. Government Treasury and agency securities		12				23				—				35
Investment in Solid common stock		3				—				—				3
Deferred compensation assets		—				19				—				19
Total financial assets	$	335			$	352			$	—			$	687

Financial Liabilities:
Deferred compensation liabilities	$	—			$	19			$	—			$	19