Additional Financial Information

9 Months Ended

Sep. 30, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Cash Flow Information


	September 30,		December 31,
	2026		2025
	(in millions)
Cash and cash equivalents	$	1,051	$	55
Restricted cash	—		1,034
Assets held for sale	—		3
Total cash and cash equivalents and restricted cash on statement of cash flows	$	1,051	$	1,092

During the nine months ended September 30, 2026, we made cash payments for interest of $149 million and cash payments for income taxes of $266 million.

Income Taxes

As a result of our divestiture of SportsEngine during the second quarter of 2026, we recognized income tax expense of $31 million, primarily resulting from the differences in the book and tax basis for goodwill, which increased our effective tax rate for the nine months ended September 30, 2026 by 3.9% (see Note 4).

As a result of the nonmarketable equity security impairment recognized during the third quarter of 2025, we recorded a valuation allowance for $10 million on deferred tax assets (see Note 5).