Accrued Expenses and Other Current Liabilities (Tables)

6 Months Ended

Jun. 30, 2026

Details of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following as of the dates presented:


	June 30, 2026		December 31, 2025
	(in millions)
Accrued salary, bonus, and other employee-related benefits	$	30.9	$	50.8
Accrued marketing costs		79.1		55.8
Finance lease liability - current portion		7.3		7.1
Operating lease liabilities - current portion		5.2		5.3
Non-income taxes payable (1)		5.5		5.5
Investment tax credit (2)		—		19.9
Restructuring and other related reorganization costs (3)		5.3		18.5
Other		41.9		37.4
Total	$	175.2	$	200.3

(1)

Amounts are primarily related to digital service taxes.

(2)

During the year ended December 31, 2025, pursuant to provisions allowable under the Inflation Reduction Act, the Company purchased alternative energy federal tax credits from an unrelated third party, which were paid during the first quarter of 2026.

(3)

During the fourth quarter of 2025, the Company approved and subsequently initiated a series of cost savings actions following a decision to realign its operating model across its Experiences and Hotels and Other segments to support the Company’s positioning as an experiences-led and AI-enabled company. As a result of these actions taken, the Company incurred pre-tax restructuring and other related reorganization costs of $6.9 million during the six months ended June 30, 2026, which consisted of employee severance and related benefits, primarily in our Hotels and Other segment. We expect the majority of unpaid costs as of June 30, 2026 to be disbursed during the second half of 2026.

Summary of Restructuring and Other Related Reorganization Costs

The following table summarizes our restructuring and other related reorganization costs for the six months ended June 30, 2026:


	Carrying Value
	(in millions)
Accrued liability as of December 31, 2025	$	18.5
Charges		6.9
Payments		(20.1	)
Accrued liability as of June 30, 2026	$	5.3