| Other Balance Sheet Information Accounts Receivable, Net (in millions)
| | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Accounts receivable | $ | 111 | | | $ | 103 | | | Unbilled receivables | 41 | | | 33 | | | Less: Allowance for credit losses | (10) | | | (9) | | | Accounts receivable, net | $ | 142 | | | $ | 127 | |
Inventories, Net (in millions)
| | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | Raw materials | $ | 58 | | | $ | — | | Finished goods | 159 | | | 114 | | Total inventories, net | $ | 217 | | | $ | 114 | |
Other Current Assets (in millions) | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Cash held on behalf of customers | $ | 216 | | | $ | 159 | | | Deferred contract acquisition costs, current (Note 6) | 106 | | | 98 | | | Prepaid expenses | 49 | | | 39 | | | Other | 207 | | | 141 | | | Total other current assets | $ | 578 | | | $ | 437 | |
Accrued Expenses and Current Liabilities (in millions)
| | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Accrued transaction-based costs | $ | 422 | | | $ | 368 | | | Customer funds obligation | 216 | | | 159 | | | Accrued expenses | 98 | | | 74 | | | Accrued payroll and bonus | 111 | | | 133 | | | Contingent liability for expected credit losses | 53 | | | 46 | | | Other liabilities | 87 | | | 74 | | | Total accrued expenses and other current liabilities | $ | 987 | | | $ | 854 | |
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