v3.26.1
CAPITALIZED SOFTWARE, NET
6 Months Ended
Jun. 30, 2026
Research and Development [Abstract]  
CAPITALIZED SOFTWARE, NET CAPITALIZED SOFTWARE, NET
Capitalized software, net, consists of the following (in millions):
June 30, 2026
December 31, 2025
Capitalized software ...........................................................................................
$171
$153
Less: accumulated amortization .........................................................................
(57)
(43)
Total capitalized software, net ......................................................................
$114
$110
During the three and six months ended June 30, 2026, the Company recognized $7 million and $14 million
related to capitalized software amortization expense, respectively. During the three and six months ended
June 30, 2025, the Company recognized $5 million and $9 million related to capitalized software amortization
expense, respectively. Capitalized software amortization expense is recognized within depreciation and amortization
as a component of cost of revenues on the condensed consolidated statements of operations.