v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
Preferred Stock
Class A and B Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Preferred stock balance, beginning of period (in shares) at Dec. 31, 2024   0        
Common stock balance, beginning of period (in shares) at Dec. 31, 2024     572,000,000      
Beginning balance at Dec. 31, 2024 $ 1,545 $ 0 $ 0 $ 3,150 $ (1,604) $ (1)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock under equity plans (in shares)     10,000,000      
Issuance of common stock under equity plans 40     40    
Stock-based compensation 125     125    
Share repurchases (in shares)     (1,000,000)      
Share repurchases (31)     (31)    
Other comprehensive (loss) income, net of tax 3         3
Net income 136       136  
Common stock balance, ending of period (in shares) at Jun. 30, 2025     581,000,000      
Preferred stock balance, ending of period (in shares) at Jun. 30, 2025   0        
Ending balance at Jun. 30, 2025 1,818 $ 0 $ 0 3,284 (1,468) 2
Preferred stock balance, beginning of period (in shares) at Mar. 31, 2025   0        
Common stock balance, beginning of period (in shares) at Mar. 31, 2025     577,000,000      
Beginning balance at Mar. 31, 2025 1,673 $ 0 $ 0 3,221 (1,548) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock under equity plans (in shares)     5,000,000      
Issuance of common stock under equity plans 14     14    
Stock-based compensation 63     63    
Share repurchases (in shares)     (1,000,000)      
Share repurchases (14)     (14)    
Other comprehensive (loss) income, net of tax 2         2
Net income 80       80  
Common stock balance, ending of period (in shares) at Jun. 30, 2025     581,000,000      
Preferred stock balance, ending of period (in shares) at Jun. 30, 2025   0        
Ending balance at Jun. 30, 2025 $ 1,818 $ 0 $ 0 3,284 (1,468) 2
Preferred stock balance, beginning of period (in shares) at Dec. 31, 2025 0 0        
Common stock balance, beginning of period (in shares) at Dec. 31, 2025     589,000,000      
Beginning balance at Dec. 31, 2025 $ 2,124 $ 0 $ 0 3,384 (1,262) 2
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock under equity plans (in shares)     7,000,000      
Issuance of common stock under equity plans 17     17    
Stock-based compensation 114     114    
Share repurchases (in shares)     (19,000,000)      
Share repurchases (486)     (486)    
Other comprehensive (loss) income, net of tax (4)         (4)
Net income $ 280       280  
Common stock balance, ending of period (in shares) at Jun. 30, 2026     577,000,000      
Preferred stock balance, ending of period (in shares) at Jun. 30, 2026 0 0        
Ending balance at Jun. 30, 2026 $ 2,045 $ 0 $ 0 3,029 (982) (2)
Preferred stock balance, beginning of period (in shares) at Mar. 31, 2026   0        
Common stock balance, beginning of period (in shares) at Mar. 31, 2026     580,000,000      
Beginning balance at Mar. 31, 2026 1,990 $ 0 $ 0 3,127 (1,136) (1)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock under equity plans (in shares)     4,000,000      
Issuance of common stock under equity plans 3     3    
Stock-based compensation 58     58    
Share repurchases (in shares)     (7,000,000)      
Share repurchases (159)     (159)    
Other comprehensive (loss) income, net of tax (1)         (1)
Net income $ 154       154  
Common stock balance, ending of period (in shares) at Jun. 30, 2026     577,000,000      
Preferred stock balance, ending of period (in shares) at Jun. 30, 2026 0 0        
Ending balance at Jun. 30, 2026 $ 2,045 $ 0 $ 0 $ 3,029 $ (982) $ (2)