As a strategy to optimize our workforce through AI-driven efficiencies and investment in talent in key strategic areas, the Company streamlined certain functions in our organizational structure. As a result, total employee severance and related costs recorded during the three and nine months ended September 30, 2026 were $87 million and $167 million, respectively. The Company’s approved program focused on driving further operational efficiencies is expected to be substantially completed in 2026.

Severance and related costs are included within our condensed consolidated statements of comprehensive income across all functional expenses, with the majority recorded in sales and marketing expenses, research and development expenses and general and administrative expenses.

For the nine months ended September 30, 2026, changes in current liabilities resulting from severance and related costs were as follows (in millions):


	Severance and related costs
Balance as of December 31, 2025	$	20
Severance and related costs	167
Cash payments	(153)

Balance as of September 30, 2026	$	34