Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Note 9—Income Taxes In determining the interim provision for income taxes for each of the three and six months ended June 30, 2026 and 2025, the Company utilized the annual estimated effective tax rate applied to the actual year-to-date income and added the tax effects of any discrete items in the reporting period in which they occur. For the three months ended June 30, 2026 and 2025, the provision for income taxes included benefits (detriments) associated with stock-based awards of $(9) million and $4 million, respectively. For the six months ended June 30, 2026 and 2025, the provision for income taxes included benefits (detriments) associated with stock-based awards of $(18) million and $14 million, respectively. For the six months ended June 30, 2026 and 2025, the Company’s effective tax rate differed from the United States federal statutory tax rate of 21% primarily due to the impact of stock-based awards, including non-deductible stock-based compensation and tax benefits (detriments) associated with employee exercises of stock options and vesting of restricted stock, as well as state and foreign taxes, partially offset by research and development tax credits. There were no material changes to the Company’s unrecognized tax benefits during the six months ended June 30, 2026.
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