Income Taxes |
6 Months Ended |
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Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes The Company recognized $5 million of income tax expense and $396 million of income tax benefit for the three and six months ended June 30, 2026, respectively. The tax expense for the three months ended June 30, 2026 primarily resulted from state and foreign income tax expense. The benefit for the six months ended June 30, 2026 primarily resulted from the establishment of deferred tax liabilities created through the Anywhere Merger that can be used to realize certain deferred tax assets against which we had previously recorded a full valuation allowance. For the three and six months ended June 30, 2025, the Company recognized no income tax expense and an income tax benefit $3 million, respectively. The U.S. is the Company’s only material tax jurisdiction. The Company is generally no longer subject to U.S. federal examination by the Internal Revenue Service (“IRS”) for years before 2015. The IRS and state taxing authorities can subject the Company to audit dating back to 2012 when the Company begins to utilize its net operating loss carryforwards.
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