Property and Equipment, Net |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Property and Equipment, Net | Property and Equipment, Net The following table presents the detail of property and equipment, net as of the dates presented (in millions):
We recorded depreciation expense related to property and equipment (other than website development costs) of $3 million for both the three months ended June 30, 2026 and 2025 and $5 million and $7 million for the six months ended June 30, 2026 and 2025, respectively. We capitalized website development costs of $46 million and $51 million for the three months ended June 30, 2026 and 2025, respectively, and $90 million and $99 million for the six months ended June 30, 2026 and 2025, respectively. Amortization expense for website development costs included in cost of revenue was $41 million and $42 million for the three months ended June 30, 2026 and 2025, respectively, and $83 million for both the six months ended June 30, 2026 and 2025.
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