v3.26.1
Internal-Use Software
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Internal-Use Software Internal-Use Software
The Company capitalizes certain costs incurred in connection with the development and implementation of internal-use software. Capitalization of costs begins when management authorizes and commits to funding the project, it is probable that the project will be completed, and the software will be used to perform the function intended.

Capitalized internal-use software costs are included within other assets on the Consolidated Balance Sheets and are amortized on a straight-line basis over the estimated useful life using the group method of amortization along with composite amortization rates of software determined by the current amortization study, ranging from 9 to 15 years. The Company conducts amortization studies, generally every three years, and implements study results prospectively. Amortization expense is included within depreciation and amortization in the Consolidated Income Statements.
As of June 30, 2026, the Company’s capitalized internal-use software, net of accumulated amortization of $944 million, was $804 million. For the three and six-months ended June 30, 2026, the Company incurred amortization expense of $36 million and $71 million, respectively.